Iain Clifford Scobbie Lewis Sells 31,588 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis sold 31,588 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 267, for a total value of £84,339.96.

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Thursday, March 19th, Iain Clifford Scobbie Lewis sold 31,811 shares of Ithaca Energy stock. The stock was sold at an average price of GBX 285, for a total value of £90,661.35.
• On Monday, January 5th, Iain Clifford Scobbie Lewis purchased 94 shares of Ithaca Energy stock. The shares were acquired at an average cost of GBX 160 per share, with a total value of £150.40.

Ithaca Energy Stock Down 6.5%

ITH traded down GBX 17.31 during trading on Monday, hitting GBX 249.75. The company’s stock had a trading volume of 19,950,055 shares, compared to its average volume of 4,604,762. The stock has a market capitalization of £4.11 billion, a price-to-earnings ratio of -33.30 and a beta of 0.84. The firm’s 50 day moving average price is GBX 205.55 and its two-hundred day moving average price is GBX 194.98. Ithaca Energy plc has a 12 month low of GBX 120 and a 12 month high of GBX 288.50.

Analyst Ratings Changes

Separately, Jefferies Financial Group decreased their price objective on shares of Ithaca Energy from GBX 220 to GBX 210 and set a “buy” rating on the stock in a report on Thursday, February 5th. Two 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 205.

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.