Is Buying Stock Like Ithaca Energy Inc. After Such Increase Winning Strategy?

 Is Buying Stock Like Ithaca Energy Inc. After Such Increase Winning Strategy?

The stock of Ithaca Energy Inc. (LON:IAE) is a huge mover today! The stock increased 1.39% or GBX 1.16 on November 23, hitting GBX 84.16. About 1.13M shares traded hands. Ithaca Energy Inc. (LON:IAE) has risen 87.57% since April 22, 2016 and is uptrending. It has outperformed by 82.24% the S&P500.
The move comes after 7 months positive chart setup for the GBX 348.44 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 89.21 PT which if reached, will make LON:IAE worth GBX 20.91M more.

Ithaca Energy Inc. (LON:IAE) Ratings Coverage

Out of 9 analysts covering Ithaca Energy Inc (LON:IAE), 5 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 56% are positive. GBX 136 is the highest target while GBX 10 is the lowest. The GBX 79 average target is -6.13% below today’s (GBX 84.16) stock price. Ithaca Energy Inc has been the topic of 70 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was maintained by Liberum Capital with “Hold” on Friday, January 15. The rating was maintained by FinnCap with “Buy” on Monday, April 4. Canaccord Genuity maintained it with “Buy” rating and GBX 45 target price in Tuesday, September 29 report. The rating was maintained by Canaccord Genuity on Friday, September 11 with “Speculative Buy”. The stock has “Buy” rating given by FinnCap on Wednesday, October 7. The stock has “Equal Weight” rating given by Barclays Capital on Thursday, April 28. The rating was downgraded by Liberum Capital on Tuesday, November 10 to “Hold”. FinnCap maintained Ithaca Energy Inc. (LON:IAE) on Wednesday, June 22 with “Buy” rating. On Thursday, August 13 the stock rating was maintained by Westhouse Securities with “Buy”. The rating was maintained by FinnCap on Monday, October 5 with “Buy”.

Ithaca Energy Inc. is a North Sea oil and gas operator engaged in the appraisal and development of the United Kingdom undeveloped discoveries and the exploitation of its existing the United Kingdom producing asset portfolio. The company has a market cap of 348.44 million GBP. The Firm is engaged in gas and oil development and production and related activities in a geographical area being the North Sea. It currently has negative earnings. The Company’s properties include Northern North Sea, which consists of Dons, Causeway Area and Broom; Central North Sea, which consists of Greater Stella Area , Cook and Pierce; Southern North Sea, which consists of Topaz, and Southern England consisting of Wytch Farm.

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