Key Points
- Iain Clifford Scobbie Lewis sold 31,588 shares on March 20 at GBX 267 for £84,339.96 and had sold 31,811 shares on March 19 at GBX 285 for £90,661.35, after a small purchase of 94 shares on January 5 at GBX 160.
- Ithaca Energy shares were down about 8.8%, opening at GBX 243.50 and trading in a 1‑year range of GBX 120–288.50; the company has a market cap of £4.01 billion and a negative P/E of -32.47.
- Jefferies trimmed its price target from GBX 220 to GBX 210 but kept a "buy" rating, and the stock carries a consensus "Buy" with an average target of GBX 205.
Ithaca Energy plc (LON:ITH - Get Free Report) insider Iain Clifford Scobbie Lewis sold 31,588 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 267, for a total value of £84,339.96.
Iain Clifford Scobbie Lewis also recently made the following trade(s):
- On Thursday, March 19th, Iain Clifford Scobbie Lewis sold 31,811 shares of Ithaca Energy stock. The stock was sold at an average price of GBX 285, for a total value of £90,661.35.
- On Monday, January 5th, Iain Clifford Scobbie Lewis acquired 94 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 160 per share, with a total value of £150.40.
Ithaca Energy Trading Down 8.8%
LON:ITH opened at GBX 243.50 on Tuesday. Ithaca Energy plc has a 1-year low of GBX 120 and a 1-year high of GBX 288.50. The business's 50-day moving average price is GBX 207.17 and its two-hundred day moving average price is GBX 195.36. The firm has a market capitalization of £4.01 billion, a price-to-earnings ratio of -32.47 and a beta of 0.84.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group cut their price target on shares of Ithaca Energy from GBX 220 to GBX 210 and set a "buy" rating on the stock in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 205.
Check Out Our Latest Report on ITH
Ithaca Energy Company Profile
(
Get Free Report)
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.
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