Insider Buying: Ithaca Energy (LON:ITH) Insider Purchases £150.40 in Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques bought 94 shares of the stock in a transaction on Monday, January 5th. The shares were bought at an average price of GBX 160 per share, for a total transaction of £150.40.

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

• On Wednesday, November 5th, Luciano Vasques purchased 65 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 228 per share, with a total value of £148.20.

Ithaca Energy Stock Down 0.5%

Shares of Ithaca Energy stock opened at GBX 153.80 on Friday. Ithaca Energy plc has a twelve month low of GBX 120 and a twelve month high of GBX 242.50. The company’s 50 day moving average is GBX 187.04 and its 200 day moving average is GBX 185.05. The company has a market cap of £2.53 billion and a price-to-earnings ratio of -20.51.

Analyst Ratings Changes

Several research analysts have weighed in on ITH shares. Peel Hunt reiterated a “buy” rating and issued a GBX 200 price target on shares of Ithaca Energy in a research report on Wednesday, September 17th. Jefferies Financial Group raised Ithaca Energy to a “buy” rating and raised their target price for the stock from GBX 145 to GBX 220 in a report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 210.

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.