Ithaca Energy (LON:ITH) Insider Purchases £151.45 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis purchased 65 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average cost of GBX 233 per share, for a total transaction of £151.45.

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

• On Monday, July 6th, Iain Clifford Scobbie Lewis acquired 69 shares of Ithaca Energy stock. The shares were bought at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Price Performance

Shares of ITH opened at GBX 231.20 on Monday. Ithaca Energy plc has a 12 month low of GBX 149.80 and a 12 month high of GBX 290.80. The stock has a fifty day moving average price of GBX 233.33 and a 200 day moving average price of GBX 233.79. The company has a market cap of £3.82 billion, a P/E ratio of -45.33 and a beta of 0.31.

Analyst Ratings Changes

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