Ithaca Energy (LON:ITH) Insider Buys 54 Shares

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman purchased 54 shares of the stock in a transaction on Monday, September 7th. The shares were purchased at an average price of GBX 275 per share, with a total value of £148.50.

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

• On Wednesday, August 5th, Yaniv Friedman purchased 65 shares of Ithaca Energy stock. The shares were acquired at an average price of GBX 233 per share, with a total value of £151.45.
• On Monday, July 6th, Yaniv Friedman acquired 69 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Performance

Shares of Ithaca Energy stock opened at GBX 278.80 on Wednesday. Ithaca Energy plc has a 52 week low of GBX 149.80 and a 52 week high of GBX 290.80. The stock has a 50 day moving average price of GBX 246.77 and a two-hundred day moving average price of GBX 246.39. The stock has a market capitalization of £4.60 billion, a PE ratio of 17.76 and a beta of 0.33.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a research report on Wednesday, May 20th. Berenberg Bank restated a “buy” rating and set a GBX 270 price target on shares of Ithaca Energy in a report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average 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.