Insider Buying: Ithaca Energy (LON:ITH) Insider Acquires £151.45 in Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman bought 65 shares of Ithaca Energy stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average cost of GBX 233 per share, with a total value of £151.45.

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

• On Monday, July 6th, Yaniv Friedman bought 69 shares of Ithaca Energy stock. The shares were acquired at an average price of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Stock Performance

Shares of Ithaca Energy stock opened at GBX 231.20 on Monday. Ithaca Energy plc has a 1 year low of GBX 149.80 and a 1 year high of GBX 290.80. The company’s fifty day moving average is GBX 233.33 and its two-hundred day moving average is GBX 233.79. The company has a market capitalization of £3.82 billion, a P/E ratio of -45.33 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ITH. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price target on shares of Ithaca Energy in a report on Wednesday, May 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 270 price objective on shares of Ithaca Energy in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price 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.