Ithaca Energy plc (LON:ITH – Get Free Report) insider Iain Clifford Scobbie Lewis purchased 69 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average cost of GBX 217 per share, with a total value of £149.73.
Ithaca Energy Trading Up 2.2%
Shares of Ithaca Energy stock opened at GBX 228.40 on Wednesday. The stock has a market capitalization of £3.77 billion, a price-to-earnings ratio of -44.78 and a beta of 0.31. The firm’s 50-day moving average price is GBX 244.01 and its two-hundred day moving average price is GBX 221.71. Ithaca Energy plc has a 1-year low of GBX 149.80 and a 1-year high of GBX 290.80.
Analyst Upgrades and Downgrades
ITH has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 price target on shares of Ithaca Energy in a report on Wednesday, May 20th. Berenberg Bank restated a “buy” rating and set a GBX 270 target price on shares of Ithaca Energy in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 226.67.
About Ithaca Energy
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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