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

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis purchased 69 shares of the firm’s stock in a transaction on 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 Performance

ITH opened at GBX 220.60 on Friday. Ithaca Energy plc has a one year low of GBX 149.80 and a one year high of GBX 290.80. The company has a market cap of £3.64 billion, a P/E ratio of -43.25 and a beta of 0.31. The business’s 50-day simple moving average is GBX 241.42 and its 200-day simple moving average is GBX 222.65.

Wall Street Analysts Forecast Growth

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