Ithaca Energy Inc. Declines Again; Strong Momentum for Sellers

 Ithaca Energy Inc. Declines Again; Strong Momentum for Sellers

The stock of Ithaca Energy Inc. (LON:IAE) is a huge mover today! The stock decreased 1.52% or GBX 1.24 on November 28, hitting GBX 80.26. About 2.71 million shares traded hands or 42.63% up from the average. Ithaca Energy Inc. (LON:IAE) has risen 78.02% since April 28, 2016 and is uptrending. It has outperformed by 72.01% the S&P500.
The move comes after 6 months negative chart setup for the GBX 329.83M company. It was reported on Nov, 28 by Barchart.com. We have GBX 77.05 PT which if reached, will make LON:IAE worth GBX 13.19 million less.

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. Ithaca Energy Inc has been the topic of 73 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Liberum Capital on Tuesday, May 3. The stock of Ithaca Energy Inc. (LON:IAE) has “Buy” rating given on Tuesday, August 16 by Canaccord Genuity. The firm has “Sell” rating given on Wednesday, June 29 by Liberum Capital. On Friday, August 5 the stock rating was maintained by Macquarie Research with “Outperform”. The stock of Ithaca Energy Inc. (LON:IAE) has “Buy” rating given on Monday, October 26 by Investec. FinnCap maintained the stock with “Buy” rating in Thursday, August 13 report. The firm earned “Overweight” rating on Tuesday, November 17 by Barclays Capital. As per Friday, October 23, the company rating was maintained by FinnCap. The firm earned “Underweight” rating on Thursday, June 23 by Barclays Capital. On Wednesday, October 26 the stock rating was maintained by Barclays Capital with “Underweight”.

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 329.83 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment