November 25, 2016 - By Ellis Scott
In a research report issued on 25 November, Ithaca Energy Inc (LON:IAE) stock had its “Buy” Rating reaffirmed by research analysts at finnCap. They currently have a GBX 96.00 target price per share on firm. finnCap’s target would suggest a potential upside of 10.18% from the company’s current price.
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 -4.53% below today’s (GBX 82.75) stock price. Ithaca Energy Inc has been the topic of 71 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 12. The stock of Ithaca Energy Inc. (LON:IAE) earned “Buy” rating by Peel Hunt on Monday, April 4. The firm has “Buy” rating given on Monday, August 15 by FinnCap. The stock has “Overweight” rating given by Barclays Capital on Tuesday, November 24. Canaccord Genuity maintained Ithaca Energy Inc. (LON:IAE) on Monday, November 16 with “Buy” rating. On Monday, April 18 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock has “Buy” rating given by Peel Hunt on Monday, May 16. The rating was maintained by Barclays Capital on Thursday, June 23 with “Underweight”. Macquarie Research maintained the stock with “Outperform” rating in Friday, August 5 report. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, November 17.
About 3.45 million shares traded hands or 81.58% up from the average. Ithaca Energy Inc. (LON:IAE) has risen 108.05% since April 27, 2016 and is uptrending. It has outperformed by 102.64% 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 fall, 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.
Invesco Ltd last reported 0% of its portfolio in the stock. Finemark State Bank And holds 0% or 3,400 shares in its portfolio. The Missouri-based First Allied Advisory Services has invested 0.01% in Ithaca Energy Inc. (LON:IAE). 1607 Partners Ltd Limited Liability Company holds 0.11% of its portfolio in Ithaca Energy Inc. (LON:IAE) for 176,109 shares. City Of London Invest Management has invested 0.75% of its portfolio in Ithaca Energy Inc. (LON:IAE). The New Jersey-based Landscape Mngmt Ltd has invested 0.05% in Ithaca Energy Inc. (LON:IAE). The California-based Lpl Ltd Llc has invested 0% in Ithaca Energy Inc. (LON:IAE). Karpus Mngmt accumulated 133,737 shares or 0.06% of the stock. State Bank Of America De holds 34,185 shares or 0% of its portfolio. Pnc Fincl Services Grp holds 0% of its portfolio in Ithaca Energy Inc. (LON:IAE) for 5,000 shares. Citigroup last reported 40,846 shares in the company. Massmutual Trust Fsb Adv reported 33 shares or 0% of all its holdings. Asset Mngmt has 806,083 shares for 0.12% of their US portfolio. The New York-based Tower Research Cap Limited Liability (Trc) has invested 0% in Ithaca Energy Inc. (LON:IAE). Aviance Prtn Limited Liability Corporation has 59,078 shares for 0.19% of their US 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 340.48 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