Peel Hunt Reaffirms “Buy” Rating for SOCO International plc (SIA)

Peel Hunt restated their buy rating on shares of SOCO International plc (LON:SIA) in a report published on Friday. They currently have a GBX 160 ($2.02) target price on the stock.

Several other analysts also recently issued reports on the stock. Jefferies Group LLC downgraded shares of SOCO International plc to a hold rating and decreased their price objective for the stock from GBX 195 ($2.47) to GBX 165 ($2.09) in a report on Wednesday, May 17th. J P Morgan Chase & Co upped their price objective on shares of SOCO International plc from GBX 138 ($1.75) to GBX 141 ($1.78) and gave the stock an underweight rating in a report on Wednesday, May 17th. Barclays PLC decreased their price objective on shares of SOCO International plc from GBX 155 ($1.96) to GBX 140 ($1.77) and set an equal weight rating for the company in a report on Tuesday, April 11th. Finally, Numis Securities Ltd reaffirmed a hold rating and set a GBX 145 ($1.83) price objective on shares of SOCO International plc in a report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 150.29 ($1.90).

Analyst Recommendations for SOCO International plc (LON:SIA)

Shares of SOCO International plc (LON SIA) opened at 127.50 on Friday. SOCO International plc has a 1-year low of GBX 123.25 and a 1-year high of GBX 168.26. The stock’s market cap is GBX 420.31 million. The company’s 50-day moving average is GBX 138.04 and its 200 day moving average is GBX 143.15.

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The business also recently announced a dividend, which will be paid on Friday, June 16th. Investors of record on Thursday, May 25th will be paid a dividend of GBX 5 ($0.06) per share. This is a boost from SOCO International plc’s previous dividend of $2.00. This represents a yield of 3.78%. The ex-dividend date of this dividend is Thursday, May 25th.

SOCO International plc Company Profile

SOCO International plc (SOCO) is an oil and gas exploration and production company. The Company’s segments include South East Asia and Africa. It has field development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola. In Vietnam, SOCO’s Block 16-1 and Block 9-2 include the Te Giac Trang and Ca Ngu Vang Fields, which are located in shallow water in the Cuu Long Basin, near the Bach Ho Field.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:SIA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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