Ithaca Energy (LON:ITH) Insider Purchases £149.12 in Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques acquired 64 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of GBX 233 per share, for a total transaction of £149.12.

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

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

Ithaca Energy Stock Performance

Shares of Ithaca Energy stock traded down GBX 1.20 during midday trading on Friday, reaching GBX 231.20. 972,504 shares of the company’s stock traded hands, compared to its average volume of 5,531,764. Ithaca Energy plc has a 52 week low of GBX 149.80 and a 52 week high of GBX 290.80. The company’s 50 day simple moving average is GBX 233.13 and its 200 day simple moving average is GBX 233.34. The company has a market cap of £3.82 billion, a price-to-earnings ratio of -45.33 and a beta of 0.31.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 270 price target on shares of Ithaca Energy in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ithaca Energy has an average rating of “Buy” and an average target price 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.