Ithaca Energy’s (ITH) “Buy” Rating Reaffirmed at Jefferies Financial Group

Ithaca Energy (LON:ITH)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 210 price target on the stock. Jefferies Financial Group’s price target suggests a potential downside of 26.37% from the company’s previous close.

Ithaca Energy Stock Performance

Shares of ITH stock opened at GBX 285.20 on Wednesday. The stock has a market capitalization of £4.71 billion, a P/E ratio of -55.92 and a beta of 0.35. The company has a 50 day moving average price of GBX 258.13 and a 200 day moving average price of GBX 213.58. Ithaca Energy has a fifty-two week low of GBX 126.20 and a fifty-two week high of GBX 290.80.

Insider Buying and Selling at Ithaca Energy

In related news, insider Iain Clifford Scobbie Lewis sold 31,811 shares of Ithaca Energy stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 285, for a total value of £90,661.35. Company insiders own 0.19% of the company’s stock.

Ithaca Energy Company Profile

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.