Ithaca Energy (LON:ITH) Insider Luciano Vasques Acquires 55 Shares

Ithaca Energy plc (LON:ITH) insider Luciano Vasques purchased 55 shares of the business’s stock in a transaction on Monday, September 7th. The shares were acquired at an average cost of GBX 275 per share, with a total value of £151.25.

Luciano Vasques also recently made the following trade(s):

• On Wednesday, August 5th, Luciano Vasques purchased 64 shares of Ithaca Energy stock. The stock was bought at an average cost of GBX 233 per share, with a total value of £149.12.
• On Monday, July 6th, Luciano Vasques purchased 69 shares of Ithaca Energy stock. The shares were acquired at an average cost of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Up 2.7%

Ithaca Energy stock opened at GBX 278.40 on Wednesday. The business’s 50-day moving average price is GBX 246.77 and its two-hundred day moving average price is GBX 246.39. 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 market cap of £4.60 billion, a PE ratio of 17.73 and a beta of 0.33.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 270 target price on shares of Ithaca Energy in a research report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and set a GBX 210 price target on shares of Ithaca Energy in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus 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.