Ithaca Energy (LON:ITH) Insider Sells £84,339.96 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis sold 31,588 shares of Ithaca Energy stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 267, for a total transaction of £84,339.96.

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

• On Thursday, March 19th, Iain Clifford Scobbie Lewis sold 31,811 shares of Ithaca Energy stock. The shares were sold at an average price of GBX 285, for a total transaction of £90,661.35.
• On Monday, January 5th, Iain Clifford Scobbie Lewis purchased 94 shares of Ithaca Energy stock. The stock was bought at an average cost of GBX 160 per share, for a total transaction of £150.40.

Ithaca Energy Stock Up 0.6%

Shares of Ithaca Energy stock opened at GBX 250.50 on Thursday. The business has a fifty day simple moving average of GBX 210.30 and a 200 day simple moving average of GBX 196.19. The stock has a market cap of £4.13 billion, a PE ratio of -33.40 and a beta of 0.84. Ithaca Energy plc has a 12 month low of GBX 120 and a 12 month high of GBX 288.50.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered their target price on shares of Ithaca Energy from GBX 220 to GBX 210 and set a “buy” rating for the company in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ithaca Energy presently has a consensus rating of “Buy” and an average price target of GBX 205.

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.