Ithaca Energy (LON:ITH) Insider Yaniv Friedman Acquires 69 Shares of Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman bought 69 shares of the stock in a transaction on Monday, July 6th. The shares were acquired at an average cost of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Price Performance

LON ITH opened at GBX 228.40 on Wednesday. The company has a 50 day simple moving average of GBX 244.01 and a 200-day simple moving average of GBX 221.71. The firm has a market capitalization of £3.77 billion, a price-to-earnings ratio of -44.78 and a beta of 0.31. Ithaca Energy plc has a 52-week low of GBX 149.80 and a 52-week high of GBX 290.80.

Analyst Upgrades and Downgrades

ITH has been the subject of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and issued 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 set a GBX 210 price objective on shares of Ithaca Energy in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ithaca Energy currently has a consensus 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.