Insider Buying: Ithaca Energy (LON:ITH) Insider Buys £149.12 in Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques acquired 64 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average cost of GBX 233 per share, for a total transaction of £149.12.

Luciano Vasques also recently made the following trade(s):

• On Monday, July 6th, Luciano Vasques bought 69 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Down 0.5%

ITH stock opened at GBX 231.20 on Monday. The company has a 50 day moving average of GBX 233.33 and a two-hundred day moving average of GBX 233.79. The company has a market cap of £3.82 billion, a price-to-earnings ratio of -45.33 and a beta of 0.31. Ithaca Energy plc has a 12-month low of GBX 149.80 and a 12-month high of GBX 290.80.

Wall Street Analyst Weigh In

ITH has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 price objective on shares of Ithaca Energy in a report on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 target price on shares of Ithaca Energy in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average 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.