Ithaca Energy (LON:ITH – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 210 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 26.37% from the stock’s current price.
Ithaca Energy Trading Down 0.1%
Shares of LON:ITH opened at GBX 285.20 on Wednesday. The firm has a 50 day simple moving average of GBX 258.13 and a 200-day simple moving average of GBX 213.58. Ithaca Energy has a twelve month low of GBX 126.20 and a twelve month high of GBX 290.80. The company has a market capitalization of £4.71 billion, a PE ratio of -55.92 and a beta of 0.35.
Insider Buying and Selling
In related news, insider Iain Clifford Scobbie Lewis sold 31,588 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 267, for a total value of £84,339.96. 0.19% of the stock is currently owned by company insiders.
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.
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