Luciano Vasques Acquires 64 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques acquired 64 shares of Ithaca Energy stock in a transaction on Wednesday, August 5th. The stock was purchased at an average price of GBX 233 per share, with a total value of £149.12.

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

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

Ithaca Energy Price Performance

Shares of LON ITH traded down GBX 1.20 during trading hours on Friday, reaching GBX 231.20. The stock had a trading volume of 972,504 shares, compared to its average volume of 5,531,764. The company has a market cap of £3.82 billion, a price-to-earnings ratio of -45.33 and a beta of 0.31. Ithaca Energy plc has a twelve month low of GBX 149.80 and a twelve month high of GBX 290.80. The business’s fifty day moving average is GBX 233.13 and its two-hundred day moving average is GBX 233.34.

Analysts Set New Price Targets

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