Ithaca Energy (LON:ITH) Insider Purchases £151.25 in Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques purchased 55 shares of Ithaca Energy stock in a transaction dated Monday, September 7th. The shares were purchased at an average price of GBX 275 per share, with a total value of £151.25.

Luciano Vasques also recently made the following trade(s):

• On Wednesday, August 5th, Luciano Vasques acquired 64 shares of Ithaca Energy stock. The stock was acquired at an average price of GBX 233 per share, for a total transaction of £149.12.
• On Monday, July 6th, Luciano Vasques acquired 69 shares of Ithaca Energy stock. The stock was acquired at an average price of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Stock Performance

LON:ITH opened at GBX 286.80 on Friday. The firm has a market capitalization of £4.73 billion, a price-to-earnings ratio of 18.27 and a beta of 0.33. Ithaca Energy plc has a 52-week low of GBX 149.80 and a 52-week high of GBX 290.80. The stock has a fifty day moving average of GBX 250.81 and a 200 day moving average of GBX 247.77.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 270 price target on shares of Ithaca Energy in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price objective on shares of Ithaca Energy in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 226.67.

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.