Ithaca Energy (LON:ITH) Insider Iain Clifford Scobbie Lewis Buys 54 Shares

Ithaca Energy plc (LON:ITHGet Free Report) insider Iain Clifford Scobbie Lewis purchased 54 shares of the company’s stock in a transaction on Monday, September 7th. The shares were purchased at an average cost of GBX 275 per share, for a total transaction of £148.50.

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

  • On Wednesday, August 5th, Iain Clifford Scobbie Lewis acquired 65 shares of Ithaca Energy stock. The shares were purchased at an average price of GBX 233 per share, for a total transaction of £151.45.
  • On Monday, July 6th, Iain Clifford Scobbie Lewis bought 69 shares of Ithaca Energy stock. The stock was purchased at an average cost of GBX 217 per share, for a total transaction of £149.73.

Ithaca Energy Stock Performance

Shares of LON:ITH 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 company has a market capitalization of £4.60 billion, a P/E ratio of 17.76 and a beta of 0.33. The company has a 50-day simple moving average of GBX 246.77 and a 200 day simple moving average of GBX 246.39.

Analyst Upgrades and Downgrades

ITH has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a report on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price target on shares of Ithaca Energy in a report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 226.67.

Read Our Latest Stock Report on Ithaca Energy

Ithaca Energy Company Profile

(Get Free Report)

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.

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