Ithaca Energy (LON:ITH) Insider Sells £84,339.96 in Stock

Ithaca Energy plc (LON:ITH) 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 transaction 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 shares were sold at an average price of GBX 285, for a total transaction of £90,661.35.
• On Monday, January 5th, Iain Clifford Scobbie Lewis bought 94 shares of Ithaca Energy stock. The shares were acquired at an average price of GBX 160 per share, for a total transaction of £150.40.

Ithaca Energy Trading Down 6.5%

LON ITH traded down GBX 17.31 on Monday, reaching GBX 249.75. The company’s stock had a trading volume of 19,950,055 shares, compared to its average volume of 4,604,762. Ithaca Energy plc has a 52 week low of GBX 120 and a 52 week high of GBX 288.50. The firm has a market cap of £4.11 billion, a PE ratio of -33.30 and a beta of 0.84. The business has a 50-day moving average price of GBX 205.55 and a 200 day moving average price of GBX 194.98.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered their price target on 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 205.

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.