Insider Buying: Ithaca Energy (LON:ITH) Insider Acquires £149.73 in Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman purchased 69 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average price of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Trading Down 2.1%

Shares of LON ITH opened at GBX 220.60 on Friday. 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 £3.64 billion, a PE ratio of -43.25 and a beta of 0.31. The company has a 50-day moving average of GBX 241.42 and a 200 day moving average of GBX 222.65.

Analyst Ratings Changes

A number of equities analysts have weighed in on ITH shares. Berenberg Bank reissued a “buy” rating and set a GBX 270 price objective on shares of Ithaca Energy in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 210 target price on shares of Ithaca Energy in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.