Key Points
- Insider buying: Iain Clifford Scobbie Lewis purchased 53 Ithaca Energy shares at GBX 285 each, worth £151.05. He has also made two earlier purchases totaling £299.95 since August.
- Stock performance: Ithaca Energy opened at GBX 279.60, with a market capitalization of £4.62 billion. Its shares have traded between GBX 149.80 and GBX 298.60 over the past year.
- Analyst outlook: Analysts maintain a consensus “Buy” rating, with a consensus price target of GBX 310; Berenberg set a GBX 270 target, while Jefferies issued a GBX 350 target.
Ithaca Energy plc (LON:ITH - Get Free Report) insider Iain Clifford Scobbie Lewis bought 53 shares of the company's stock in a transaction dated Monday, October 5th. The stock was bought at an average cost of GBX 285 per share, with a total value of £151.05.
Iain Clifford Scobbie Lewis also recently made the following trade(s):
- On Monday, September 7th, Iain Clifford Scobbie Lewis bought 54 shares of Ithaca Energy stock. The shares were bought at an average price of GBX 275 per share, with a total value of £148.50.
- On Wednesday, August 5th, Iain Clifford Scobbie Lewis purchased 65 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 233 per share, for a total transaction of £151.45.
Ithaca Energy Price Performance
Ithaca Energy stock opened at GBX 279.60 on Friday. The firm has a market capitalization of £4.62 billion, a P/E ratio of 17.81 and a beta of 0.34. The stock has a fifty day moving average price of GBX 268.59 and a two-hundred day moving average price of GBX 253.17. Ithaca Energy plc has a 52-week low of GBX 149.80 and a 52-week high of GBX 298.60.
Analyst Upgrades and Downgrades
A number of research firms have commented on ITH. Berenberg Bank restated a "buy" rating and issued a GBX 270 price target on shares of Ithaca Energy in a research report on Wednesday, August 19th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 350 target price on shares of Ithaca Energy in a research note on Tuesday. Two investment 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 a consensus target price of GBX 310.
Read Our Latest Research 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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