Yaniv Friedman Purchases 94 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman bought 94 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of GBX 160 per share, with a total value of £150.40.

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

• On Monday, December 1st, Yaniv Friedman acquired 32,476 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 174 per share, with a total value of £56,508.24.
• On Monday, December 1st, Yaniv Friedman bought 7,524 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 175 per share, for a total transaction of £13,167.
• On Wednesday, November 5th, Yaniv Friedman purchased 66 shares of Ithaca Energy stock. The stock was acquired at an average cost of GBX 228 per share, with a total value of £150.48.

Ithaca Energy Stock Performance

ITH opened at GBX 157.80 on Tuesday. The company has a market cap of £2.60 billion and a price-to-earnings ratio of -21.04. Ithaca Energy plc has a one year low of GBX 120 and a one year high of GBX 242.50. The business’s fifty day moving average is GBX 190.37 and its two-hundred day moving average is GBX 185.65.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group upgraded Ithaca Energy to a “buy” rating and boosted their price target for the company from GBX 145 to GBX 220 in a report on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of Ithaca Energy in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 210.

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.