Ithaca Energy PLC 17.0% potential upside indicated by Barclays

Ithaca Energy PLC with ticker (LON:ITH) now has a potential upside of 17.0% according to Barclays.



Barclays set a target price of 165 GBX for the company, which when compared to the Ithaca Energy PLC share price of 141 GBX at opening today (18/07/2023) indicates a potential upside of 17.0%. Trading has ranged between 134 (52 week low) and 255 (52 week high) with an average of 528,943 shares exchanging hands daily. The market capitalisation at the time of writing is £1,422,368,230.

Ithaca Energy plc is an independent oil and gas company in the United Kingdom Continental Shelf (UKCS). The Company is engaged in exploration and production that is focused on the United Kingdom North Sea. It has built a diverse portfolio of operated and non-operated assets across the Northern & Central North Sea and West of Shetland. Its operated assets are located in the Northern and Central North Sea, West of Shetland and Moray Firth areas of the United Kingdom Continental Shelf. Its portfolio includes a variety of non-operated assets in the UKCS. Its operated assets include Alba, Alder, Cambo, Captain, Cook, Erskine and Greater Stella Area. Its non-operated assets include Britannia and Satellites, Brodgar, Elgin/Franklin, Broom, Callanish and others. The Callanish oil field lies 98 miles north-east of Aberdeen, Scotland, in the United Kingdom Central North Sea, in water depths of about 490 feet. It has a portfolio of 28 producing UKCS fields and nine operated producing fields.