Luciano Vasques Purchases 94 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques purchased 94 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was 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 acquired at an average price of GBX 228 per share, for a total transaction of £148.20.

Ithaca Energy Stock Up 0.3%

Ithaca Energy stock opened at GBX 157.80 on Tuesday. Ithaca Energy plc has a 52-week low of GBX 120 and a 52-week high of GBX 242.50. The firm’s fifty day moving average is GBX 190.37 and its 200 day moving average is GBX 185.65. The company has a market cap of £2.60 billion and a price-to-earnings ratio of -21.04.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group upgraded Ithaca Energy to a “buy” rating and lifted their price target for the stock from GBX 145 to GBX 220 in a research report on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of Ithaca Energy in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus 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.