Key Points
- Insider purchase: Yaniv Friedman acquired 54 Ithaca Energy shares at GBX 275 each, worth £148.50. He has also bought shares in two earlier transactions, bringing the recent purchases to 188 shares.
- Share performance: Ithaca Energy opened at GBX 280.60 and was reported up 3.5%, near its 52-week high of GBX 290.80. The company has a market capitalization of approximately £4.63 billion.
- Analyst outlook: All three analysts covering the stock rate it a “Buy,” with a consensus target price of GBX 226.67, below the reported trading price.
Ithaca Energy plc (LON:ITH - Get Free Report) insider Yaniv Friedman purchased 54 shares of the firm's stock in a transaction that occurred on Monday, September 7th. The stock was acquired at an average price of GBX 275 per share, for a total transaction of £148.50.
Yaniv Friedman also recently made the following trade(s):
- On Wednesday, August 5th, Yaniv Friedman acquired 65 shares of Ithaca Energy stock. The stock was acquired at an average price of GBX 233 per share, with a total value of £151.45.
- On Monday, July 6th, Yaniv Friedman 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 Up 3.5%
LON:ITH opened at GBX 280.60 on Thursday. The firm's fifty day simple moving average is GBX 248.12 and its 200-day simple moving average is GBX 246.92. The stock has a market cap of £4.63 billion, a PE ratio of 17.87 and a beta of 0.33. Ithaca Energy plc has a fifty-two week low of GBX 149.80 and a fifty-two week high of GBX 290.80.
Analyst Ratings Changes
A number of research analysts have issued reports on ITH shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 210 target price on shares of Ithaca Energy in a report on Wednesday, May 20th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 270 price objective on shares of Ithaca Energy in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 226.67.
Get Our Latest Stock Report on Ithaca Energy
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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