Ithaca Energy (LON:ITH) Insider Acquires £150.40 in Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman purchased 94 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of GBX 160 per share, with a total value of £150.40.

Yaniv Friedman also recently made the following trade(s):

• On Monday, December 1st, Yaniv Friedman acquired 32,476 shares of Ithaca Energy stock. The stock was purchased at an average price of GBX 174 per share, for a total transaction of £56,508.24.
• On Monday, December 1st, Yaniv Friedman bought 7,524 shares of Ithaca Energy stock. The stock was purchased at an average cost of GBX 175 per share, with a total value of £13,167.
• On Wednesday, November 5th, Yaniv Friedman bought 66 shares of Ithaca Energy stock. The shares were purchased at an average price of GBX 228 per share, with a total value of £150.48.

Ithaca Energy Stock Down 0.5%

Shares of ITH opened at GBX 153.80 on Friday. The stock’s fifty day simple moving average is GBX 187.04 and its 200-day simple moving average is GBX 185.05. The firm has a market capitalization of £2.53 billion and a PE ratio of -20.51. Ithaca Energy plc has a 12-month low of GBX 120 and a 12-month high of GBX 242.50.

Analysts Set New Price Targets

ITH has been the subject of a number of recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 200 price target on shares of Ithaca Energy in a research note on Wednesday, September 17th. Jefferies Financial Group raised Ithaca Energy to a “buy” rating and increased their price target for the company from GBX 145 to GBX 220 in a research note on Monday, October 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Ithaca Energy currently has a consensus rating of “Buy” and an average price target of GBX 210.

About Ithaca Energy

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.