FY2019 EPS Estimates for SOCO International plc Lowered by Analyst (OTCMKTS:SOCLF)

SOCO International plc (OTCMKTS:SOCLF) – Equities researchers at Jefferies Financial Group decreased their FY2019 earnings per share estimates for SOCO International in a note issued to investors on Tuesday, June 25th, Zacks Investment Research reports. Jefferies Financial Group analyst M. Wilson now expects that the company will post earnings per share of $0.04 for the year, down from their prior forecast of $0.05. Jefferies Financial Group also issued estimates for SOCO International’s FY2023 earnings at $0.11 EPS.

Separately, Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Thursday.

SOCLF stock remained flat at $$0.86 during mid-day trading on Wednesday. SOCO International has a 52 week low of $0.79 and a 52 week high of $1.30. The company’s fifty day moving average price is $0.85.

About SOCO International

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.

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Earnings History and Estimates for SOCO International (OTCMKTS:SOCLF)

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