SOCO International plc (SIA) Receives Consensus Rating of “Hold” from Brokerages

SOCO International plc (LON:SIA) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 140 ($1.83).

SIA has been the subject of several research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 74 ($0.97) price objective on shares of SOCO International in a research report on Wednesday, March 6th. Peel Hunt raised SOCO International to a “buy” rating in a research report on Monday, March 25th. Finally, Numis Securities reaffirmed a “hold” rating on shares of SOCO International in a research report on Thursday, May 16th.

Shares of SIA traded up GBX 0.50 ($0.01) during mid-day trading on Thursday, hitting GBX 66.60 ($0.87). The company’s stock had a trading volume of 137,863 shares, compared to its average volume of 256,776. SOCO International has a one year low of GBX 63.30 ($0.83) and a one year high of GBX 125 ($1.63). The company has a current ratio of 9.41, a quick ratio of 9.22 and a debt-to-equity ratio of 19.09. The stock has a market capitalization of $262.82 million and a price-to-earnings ratio of 8.22.

The company also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 9th will be given a GBX 5.50 ($0.07) dividend. This is a boost from SOCO International’s previous dividend of $5.25. This represents a yield of 8.06%. The ex-dividend date is Thursday, May 9th. SOCO International’s dividend payout ratio (DPR) is 0.74%.

In other news, insider Jann M. Brown bought 12,755 shares of SOCO International stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average cost of GBX 68 ($0.89) per share, with a total value of £8,673.40 ($11,333.33). Also, insider Jann M. Brown bought 12,570 shares of SOCO International stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of GBX 69 ($0.90) per share, with a total value of £8,673.30 ($11,333.20). Over the last ninety days, insiders purchased 36,777 shares of company stock valued at $2,593,570.

SOCO International Company Profile

SOCO International plc engages in the exploration, development, and production of oil and gas properties. It has exploration, development, and production interests in Vietnam; and exploration and appraisal interests in Congo (Brazzaville) and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.

Further Reading: The mechanics of the bid-ask spread in trading

Analyst Recommendations for SOCO International (LON:SIA)

Receive News & Ratings for SOCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOCO International and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit