Ithaca Energy (LON:ITH) Insider Buys £148.50 in Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman bought 54 shares of the company’s stock in a transaction on Monday, September 7th. The stock was purchased at an average cost of GBX 275 per share, for a total transaction of £148.50.

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

• On Wednesday, August 5th, Yaniv Friedman purchased 65 shares of Ithaca Energy stock. The shares were purchased at an average cost of GBX 233 per share, with a total value of £151.45.
• On Monday, July 6th, Yaniv Friedman purchased 69 shares of Ithaca Energy stock. The shares were purchased at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Price Performance

Shares of Ithaca Energy stock opened at GBX 286.80 on Friday. The firm has a market cap of £4.73 billion, a price-to-earnings ratio of 18.27 and a beta of 0.33. The stock has a 50-day simple moving average of GBX 250.81 and a 200-day simple moving average of GBX 247.77. Ithaca Energy plc has a 52-week low of GBX 149.80 and a 52-week high of GBX 290.80.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ITH. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Ithaca Energy in a research report on Wednesday, May 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 270 target price on shares of Ithaca Energy in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ithaca Energy presently has a consensus rating of “Buy” and an average price target of GBX 226.67.

Ithaca Energy Company Profile

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.