Ithaca Energy (LON:ITH) Insider Purchases 65 Shares of Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis purchased 65 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were bought at an average price of GBX 233 per share, for a total transaction of £151.45.

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Monday, July 6th, Iain Clifford Scobbie Lewis acquired 69 shares of Ithaca Energy stock. The shares were bought at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Down 0.5%

LON ITH traded down GBX 1.20 during trading hours on Friday, hitting GBX 231.20. The company had a trading volume of 972,504 shares, compared to its average volume of 5,531,764. The firm has a market cap of £3.82 billion, a P/E ratio of -45.33 and a beta of 0.31. Ithaca Energy plc has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 290.80. The business has a fifty day simple moving average of GBX 233.13 and a 200-day simple moving average of GBX 233.34.

Wall Street Analyst Weigh In

ITH has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a research note on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price target on shares of Ithaca Energy in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 226.67.

Ithaca Energy Company Profile

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.

Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the “UKCS”), with stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields.