Ithaca Energy (LON:ITH) Insider Yaniv Friedman Acquires 65 Shares

Ithaca Energy plc (LON:ITH) insider Yaniv Friedman purchased 65 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average price of GBX 233 per share, for a total transaction of £151.45.

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

• On Monday, July 6th, Yaniv Friedman acquired 69 shares of Ithaca Energy stock. The stock was bought at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Trading Down 0.5%

Shares of Ithaca Energy stock traded down GBX 1.20 on Friday, hitting GBX 231.20. The stock had a trading volume of 972,504 shares, compared to its average volume of 5,531,764. Ithaca Energy plc has a 52-week low of GBX 149.80 and a 52-week high of GBX 290.80. The stock has a market cap of £3.82 billion, a price-to-earnings ratio of -45.33 and a beta of 0.31. The company’s 50 day moving average price is GBX 233.13 and its 200 day moving average price is GBX 233.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 270 price objective on shares of Ithaca Energy in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 210 target price on shares of Ithaca Energy in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 226.67.

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.