Ithaca Energy (ITH) Share Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: 272 to 277.20
• 50-Day Range: 213.20 to 283.93
• 52-Week Range: 149.80 to 290.80
• Volume: 3.55 million shs
• Average Volume: 5.46 million shs
• Market Capitalization: £4.53 billion
• P/E Ratio: 17.49
• Dividend Yield: 12.45%
• Price Target: GBX 226.67
• Consensus Rating: Buy

Ithaca Energy Stock Analysis - MarketRank™

Ithaca Energy scored higher than 38% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Buy

Consensus Rating

Ithaca Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 3 buy ratings, no hold ratings, and no sell ratings.

Downside Risk

Ithaca Energy has a consensus price target of GBX 226.67, representing about 17.0% downside from its current price of GBX 273.20.

Amount of Analyst Coverage

Ithaca Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ithaca Energy is 17.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ithaca Energy is 17.40, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 21.82.

Price to Book Value per Share Ratio

Ithaca Energy has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ITH.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Ithaca Energy is a leading dividend payer. It pays a dividend yield of 12.45%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ithaca Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ithaca Energy is 191.41%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.56

News Sentiment

Ithaca Energy has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.83 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Ithaca Energy this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for ITH on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.2 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

3 insiders have purchased shares of Ithaca Energy in the last three months. Multiple insiders buying is a strong bullish signal.

Insider Buying vs. Insider Selling

In the past three months, Ithaca Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought £901.21 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

0.19% of the stock of Ithaca Energy is held by insiders.

Percentage Held by Institutions

4.01% of the stock of Ithaca Energy is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: LON:ITH
• CIK: N/A
• Web: www.ithacaenergy.com
• Phone: (415) 482-5300
• Fax: N/A
• Employees: 220
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Ithaca Energy: GBX 226.67
• High Price Target: GBX 270
• Low Price Target: GBX 200
• Potential Upside/Downside: -17.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 15.70
• Trailing P/E Ratio: 17.49
• Forward P/E Ratio: 22.43
• P/E Growth: N/A
• Net Income: £230.29 million
• Net Margins: 7.45%
• Pretax Margin: N/A
• Return on Equity: 10.32%
• Return on Assets: 0.18%

Debt

• Debt-to-Equity Ratio: 72.52
• Current Ratio: 0.76
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: £3.19 billion
• Price / Sales: 1.42
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: GBX 236.41 per share
• Price / Book: 1.16

Miscellaneous

• Outstanding Shares: 1,650,600,000
• Free Float: N/A
• Market Cap: £4.53 billion
• Optionable: Not Optionable
• Beta: 0.33