Insider Buying: Ithaca Energy (LON:ITH) Insider Purchases £150.40 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis bought 94 shares of the business’s stock in a transaction on Monday, January 5th. The stock was bought at an average price of GBX 160 per share, with a total value of £150.40.

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Wednesday, November 5th, Iain Clifford Scobbie Lewis bought 66 shares of Ithaca Energy stock. The shares were bought at an average cost of GBX 228 per share, with a total value of £150.48.

Ithaca Energy Trading Down 0.5%

Shares of Ithaca Energy stock opened at GBX 153.80 on Friday. Ithaca Energy plc has a 12-month low of GBX 120 and a 12-month high of GBX 242.50. The company has a market cap of £2.53 billion and a price-to-earnings ratio of -20.51. The company’s 50-day moving average price is GBX 187.04 and its 200-day moving average price is GBX 185.05.

Analyst Upgrades and Downgrades

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