Yaniv Friedman Acquires 65 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITHGet Free Report) insider Yaniv Friedman bought 65 shares of the stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average cost of GBX 233 per share, for a total transaction of £151.45.

Yaniv Friedman also recently made the following trade(s):

  • On Monday, July 6th, Yaniv Friedman acquired 69 shares of Ithaca Energy stock. The stock was acquired at an average cost of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Price Performance

LON ITH traded down GBX 1.20 on Friday, hitting GBX 231.20. 972,504 shares of the company’s stock were exchanged, compared to its average volume of 5,531,764. The firm has a market cap of £3.82 billion, a price-to-earnings ratio of -45.33 and a beta of 0.31. The firm’s 50-day moving average price is GBX 233.13 and its two-hundred day moving average price is GBX 233.34. Ithaca Energy plc has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 290.80.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ITH shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price target on shares of Ithaca Energy in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 210 target price on shares of Ithaca Energy in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ithaca Energy currently has an average rating of “Buy” and a consensus target price of GBX 226.67.

Get Our Latest Stock Report on ITH

Ithaca Energy Company Profile

(Get Free Report)

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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