Ithaca Energy (LON:ITH) Insider Iain Clifford Scobbie Lewis Buys 65 Shares of Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis bought 65 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average cost of GBX 233 per share, for a total transaction of £151.45.

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Monday, July 6th, Iain Clifford Scobbie Lewis purchased 69 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Price Performance

ITH traded down GBX 1.20 during trading on Friday, hitting GBX 231.20. The company had a trading volume of 972,504 shares, compared to its average volume of 5,531,764. Ithaca Energy plc has a 1-year low of GBX 149.80 and a 1-year high of GBX 290.80. The company has a market cap of £3.82 billion, a PE ratio of -45.33 and a beta of 0.31. The business has a 50-day moving average of GBX 233.13 and a 200-day moving average of GBX 233.34.

Analysts Set New Price Targets

A number of research firms recently commented on ITH. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price target on shares of Ithaca Energy in a research note on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 target price on shares of Ithaca Energy in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 226.67.

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.