Ithaca Energy (LON:ITH) Insider Luciano Vasques Buys 69 Shares

Ithaca Energy plc (LON:ITH) insider Luciano Vasques purchased 69 shares of the stock in a transaction dated Monday, July 6th. The shares were acquired at an average cost of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Up 2.2%

LON:ITH opened at GBX 228.40 on Wednesday. The firm has a market capitalization of £3.77 billion, a PE ratio of -44.78 and a beta of 0.31. Ithaca Energy plc has a twelve month low of GBX 149.80 and a twelve month high of GBX 290.80. The stock’s 50-day simple moving average is GBX 244.01 and its 200 day simple moving average is GBX 221.71.

Analyst Upgrades and Downgrades

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