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

Ithaca Energy plc (LON:ITH) insider Luciano Vasques bought 69 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were purchased at an average price of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Stock Down 2.1%

Shares of ITH stock opened at GBX 220.60 on Friday. The stock has a market cap of £3.64 billion, a P/E ratio of -43.25 and a beta of 0.31. Ithaca Energy plc has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 290.80. The business has a fifty day simple moving average of GBX 241.42 and a 200-day simple moving average of GBX 222.65.

Wall Street Analyst Weigh In

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