November 25, 2016 - By Ellis Scott
Peel Hunt currently has a GBX 90.00 target price on the 343.56 million GBP market cap company or 7.94% upside potential. In an analyst report issued on 25 November, Ithaca Energy Inc (LON:IAE) stock had its Add Rating reaffirmed by stock research analysts at Peel Hunt.
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 -5.39% below today’s (GBX 83.5) stock price. Ithaca Energy Inc has been the topic of 71 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating by Barclays Capital given on Tuesday, November 15. The stock of Ithaca Energy Inc. (LON:IAE) earned “Hold” rating by Liberum Capital on Tuesday, January 12. As per Friday, March 11, the company rating was downgraded by Barclays Capital. Barclays Capital maintained Ithaca Energy Inc. (LON:IAE) on Tuesday, August 23 with “Underweight” rating. The rating was maintained by FinnCap with “Buy” on Monday, September 28. Canaccord Genuity maintained Ithaca Energy Inc. (LON:IAE) rating on Wednesday, February 3. Canaccord Genuity has “Speculative Buy” rating and GBX 40 price target. The rating was maintained by FinnCap on Thursday, April 21 with “Buy”. The stock of Ithaca Energy Inc. (LON:IAE) has “Buy” rating given on Wednesday, March 23 by FinnCap. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, January 20. The rating was maintained by Barclays Capital on Tuesday, February 9 with “Overweight”.
About 4.61M shares traded hands or 142.63% up from the average. Ithaca Energy Inc. (LON:IAE) has risen 105.68% since April 26, 2016 and is uptrending. It has outperformed by 100.27% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.41 in 2016 Q2. Its down 0.35, from 0.76 in 2016Q1. The ratio dropped, as 7 funds sold all Ithaca Energy Inc. shares owned while 10 reduced positions. 3 funds bought stakes while 10 increased positions. They now own 4.73 million shares or 0.97% less from 4.78 million shares in 2016Q1.
Lpl Finance Lc has invested 0% of its portfolio in Ithaca Energy Inc. (LON:IAE). Fca Corp Tx holds 185,524 shares or 0.84% of its portfolio. The Florida-based Ladenburg Thalmann Services has invested 0% in Ithaca Energy Inc. (LON:IAE). Doliver Cap Advisors, a Texas-based fund reported 17,065 shares. City Of London Inv Com Limited holds 1.06 million shares or 0.75% of its portfolio. Morgan Stanley has 0% invested in the company for 911,295 shares. Royal State Bank Of Canada has 0% invested in the company for 6,143 shares. Advisors Asset Management has 0.12% invested in the company for 806,083 shares. Alpine Prns Vi accumulated 0.16% or 39,686 shares. 1607 Cap Partners Limited Company holds 176,109 shares or 0.11% of its portfolio. Karpus Inc reported 133,737 shares or 0.06% of all its holdings. Moreover, Creative Planning has 0% invested in Ithaca Energy Inc. (LON:IAE) for 1,425 shares. Landscape Cap Management Limited Liability Co owns 45,784 shares or 0.05% of their US portfolio. Guggenheim Capital Lc accumulated 0.01% or 426,805 shares. Pnc Fincl Svcs holds 5,000 shares or 0% of its portfolio.
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 343.56 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.
ING Asia Pacific High Dividend Equity Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fundâ€™s investment objective is to provide total return through a combination of current income, capital gains and capital appreciation. The Fund invests in a portfolio of equity securities of Asia Pacific companies, including China, Hong Kong, Japan, Taiwan, South Korea, Malaysia, Thailand, India, Australia, New Zealand, Singapore, Indonesia, Pakistan and the Philippines, which pay dividends or derivatives linked to such securities. The Fund also seeks to enhance returns over a market cycle by selling call options on selected Asia Pacific Indices and/or equity securities of Asia Pacific companies.
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By Ellis Scott