Ithaca Energy (LON:ITH) Insider Iain Clifford Scobbie Lewis Sells 31,811 Shares

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis sold 31,811 shares of Ithaca Energy stock in a transaction on Thursday, March 19th. The stock was sold at an average price of GBX 285, for a total transaction of £90,661.35.

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

• On Friday, March 20th, Iain Clifford Scobbie Lewis sold 31,588 shares of Ithaca Energy stock. The shares were sold at an average price of GBX 267, for a total value of £84,339.96.
• On Monday, January 5th, Iain Clifford Scobbie Lewis bought 94 shares of Ithaca Energy stock. The stock was purchased at an average price of GBX 160 per share, with a total value of £150.40.

Ithaca Energy Stock Performance

Shares of ITH opened at GBX 243.50 on Tuesday. The stock has a 50-day moving average of GBX 207.17 and a two-hundred day moving average of GBX 195.36. Ithaca Energy plc has a one year low of GBX 120 and a one year high of GBX 288.50. The stock has a market cap of £4.01 billion, a P/E ratio of -32.47 and a beta of 0.84.

Analyst Ratings Changes

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