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Barclays Capital reiterated SOCO International PLC (LON:SIA) to Underweight in a report released today.

Barclays Capital has reiterated SOCO International PLC (LON:SIA) to Underweight in a report released on Thursday September 14, 2017.

Previously on Wednesday September 13, 2017, Peel Hunt reported about SOCO International PLC (LON:SIA) held steady the target price at 145.00GBX. At the time, this indicated a possible upside of 0.23%.

Yesterday SOCO International PLC (LON:SIA) traded -0.21% lower at 114.75GBX. The company’s 50-day moving average is 119.95GBX and its 200-day moving average is 128.99GBX. The last stock close price is down -8.72% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,766 shares of the stock were exchanged, down from an average trading volume of 183,010

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SOCO International PLC (LON:SIA)

SOCO International PLC has 52 week low of 111.25GBX and a 52 week high of 162.00GBX and has a market capitalization of 0 GBX.

In addition to Barclays Capital reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is 2.09GBX with 2 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On SOCO International PLC (LON:SIA)

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. SOCO holds working interest in Block 16-1 and Block 9-2 through its subsidiaries, SOCO Vietnam Ltd and OPECO Vietnam Limited. SOCO holds its interests in the Marine XI Block, located offshore Congo (Brazzaville) in the shallow water Lower Congo Basin, through its subsidiary, SOCO EPC. SOCO holds working interest in the Mer Profonde Sud Block, offshore Congo (Brazzaville) through its subsidiary, SOCO Congo BEX Limited. SOCO's subsidiary, SOCO Cabinda Limited, holds participation interests in the Cabinda North Block.

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