November 28, 2016 - By Ellis Scott
They currently have a GBX 101.00 price target on Ithaca Energy Inc (LON:IAE). Macquarie’s target would suggest a potential upside of 27.64% from the company’s current price. This was revealed in an analyst report on Monday, 28 November.
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 79.56 average target is -1.04% below today’s (GBX 80.4) stock price. Ithaca Energy Inc has been the topic of 73 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating by Barclays Capital given on Wednesday, October 26. Barclays Capital maintained Ithaca Energy Inc. (LON:IAE) rating on Tuesday, November 17. Barclays Capital has “Overweight” rating and GBX 70 price target. Westhouse Securities maintained it with “Buy” rating and GBX 80 target price in Thursday, August 13 report. The stock of Ithaca Energy Inc. (LON:IAE) earned “Buy” rating by FinnCap on Monday, November 2. Liberum Capital maintained the shares of IAE in a report on Wednesday, March 30 with “Sell” rating. The stock of Ithaca Energy Inc. (LON:IAE) earned “Equal Weight” rating by Barclays Capital on Wednesday, May 18. FinnCap maintained the stock with “Buy” rating in Monday, August 15 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, February 9. Peel Hunt upgraded Ithaca Energy Inc. (LON:IAE) on Thursday, November 26 to “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 22 report.
About 886,237 shares traded hands. Ithaca Energy Inc. (LON:IAE) has risen 87.36% since April 27, 2016 and is uptrending. It has outperformed by 81.34% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.41 in Q2 2016. 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.
The Pennsylvania-based Pnc Fin Svcs Group has invested 0% in Ithaca Energy Inc. (LON:IAE). Doliver Capital Advisors holds 0.13% or 17,065 shares in its portfolio. Alpine Prtn Vi Ltd Liability last reported 0.16% of its portfolio in the stock. Creative Planning reported 1,425 shares or 0% of all its holdings. Ladenburg Thalmann Svcs has 2,989 shares for 0% of their US portfolio. Morgan Stanley holds 0% or 911,295 shares in its portfolio. Fca Tx holds 185,524 shares or 0.84% of its portfolio. Wells Fargo & Company Mn has invested 0% of its portfolio in Ithaca Energy Inc. (LON:IAE). Invesco has 0% invested in the company for 131,525 shares. The Florida-based Finemark Fincl Bank And Tru has invested 0% in Ithaca Energy Inc. (LON:IAE). Moreover, Lpl Financial has 0% invested in Ithaca Energy Inc. (LON:IAE) for 16,733 shares. First Allied Advisory Services accumulated 0.01% or 17,158 shares. City Of London Ltd, a United Kingdom-based fund reported 1.06M shares. Massmutual Tru Fsb Adv last reported 33 shares in the company. 1607 Cap Prns Ltd Liability Corp owns 176,109 shares or 0.11% 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 330.39 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