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

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis sold 31,588 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 267, for a total transaction 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 acquired 94 shares of Ithaca Energy stock. The stock was purchased at an average price of GBX 160 per share, for a total transaction of £150.40.

Ithaca Energy Stock Performance

Shares of ITH opened at GBX 243.50 on Tuesday. The business’s fifty day moving average price is GBX 207.17 and its two-hundred day moving average price is GBX 195.36. The firm has a market capitalization of £4.01 billion, a price-to-earnings ratio of -32.47 and a beta of 0.84. Ithaca Energy plc has a 52 week low of GBX 120 and a 52 week high of GBX 288.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group decreased their price target on Ithaca Energy from GBX 220 to GBX 210 and set a “buy” rating on the stock in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, 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.