Ithaca Energy (LON:ITH) Insider Yaniv Friedman Buys 74 Shares of Stock

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman acquired 74 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was bought at an average cost of GBX 202 per share, with a total value of £149.48.

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

• On Friday, September 5th, Yaniv Friedman acquired 79 shares of Ithaca Energy stock. The stock was bought at an average cost of GBX 190 per share, with a total value of £150.10.

Ithaca Energy Stock Down 0.5%

Shares of Ithaca Energy stock opened at GBX 199.02 on Wednesday. The firm has a market capitalization of £3.28 billion and a P/E ratio of -1,877.55. The company has a 50 day moving average price of GBX 191.72 and a 200 day moving average price of GBX 163.10. Ithaca Energy plc has a 52 week low of GBX 94.38 and a 52 week high of GBX 238.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 200 price target on shares of Ithaca Energy in a report on Wednesday, September 17th. Shore Capital reiterated a “no recommendation” rating on shares of Ithaca Energy in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Ithaca Energy presently has a consensus rating of “Buy” and a consensus price target of GBX 200.

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.