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

Ithaca Energy plc (LON:ITH) insider Luciano Vasques purchased 55 shares of the firm’s stock in a transaction dated Monday, September 7th. The stock was bought at an average cost of GBX 275 per share, for a total transaction of £151.25.

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

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

Ithaca Energy Stock Performance

ITH stock opened at GBX 278.80 on Wednesday. The company has a market capitalization of £4.60 billion, a PE ratio of 17.76 and a beta of 0.33. The company’s 50 day moving average price is GBX 246.77 and its two-hundred day moving average price is GBX 246.39. Ithaca Energy plc has a one year low of GBX 149.80 and a one year high of GBX 290.80.

Wall Street Analyst Weigh In

ITH has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a research note on Wednesday, May 20th. Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of Ithaca Energy in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ithaca Energy presently has an average rating of “Buy” and an average target price 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.