Insider Buying: Ithaca Energy (LON:ITH) Insider Buys £148.50 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis bought 54 shares of the company’s stock in a transaction that occurred on Monday, September 7th. The shares were purchased at an average cost of GBX 275 per share, for a total transaction of £148.50.

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

• On Wednesday, August 5th, Iain Clifford Scobbie Lewis purchased 65 shares of Ithaca Energy stock. The shares were purchased at an average cost of GBX 233 per share, with a total value of £151.45.
• On Monday, July 6th, Iain Clifford Scobbie Lewis purchased 69 shares of Ithaca Energy stock. The shares were purchased at an average cost of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Performance

Shares of ITH stock opened at GBX 286.80 on Friday. Ithaca Energy plc has a 1 year low of GBX 149.80 and a 1 year high of GBX 290.80. The stock has a market cap of £4.73 billion, a PE ratio of 18.27 and a beta of 0.33. The business’s fifty day moving average is GBX 250.81 and its 200-day moving average is GBX 247.77.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed 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 reiterated a “buy” rating and issued a GBX 270 price target on shares of Ithaca Energy in a research report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.