Ithaca Energy (LON:ITH) Insider Luciano Vasques Buys 94 Shares

Ithaca Energy plc (LON:ITH) insider Luciano Vasques acquired 94 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost 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 acquired 65 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 228 per share, for a total transaction of £148.20.

Ithaca Energy Stock Down 0.7%

Shares of LON:ITH opened at GBX 156.28 on Wednesday. The firm has a fifty day moving average of GBX 189.38 and a two-hundred day moving average of GBX 185.49. The firm has a market capitalization of £2.57 billion and a P/E ratio of -20.84. Ithaca Energy plc has a 12-month low of GBX 120 and a 12-month high of GBX 242.50.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ITH shares. Jefferies Financial Group upgraded Ithaca Energy to a “buy” rating and boosted their target price for the company from GBX 145 to GBX 220 in a research note on Monday, October 20th. Peel Hunt reissued a “buy” rating and issued a GBX 200 price target on shares of Ithaca Energy in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ithaca Energy has an average rating of “Buy” and an average target price of GBX 210.

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.