Added to YB: 2025-11-26
Pitch date: 2025-11-24
ITH.L [neutral]
Ithaca Energy plc
-14.98%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Ithaca Energy plc, together with its subsidiaries, engages in the development and production of oil and gas in the North Sea.
Market Cap
GBP 4.4B
Pitch Price
GBP 1.89
Price Target
N/A
Dividend
8.26%
EV/EBITDA
2.66
P/E
-42.77
EV/Sales
1.90
Sector
Oil, Gas and Consumable Fuels
Category
N/A
They are taking the ITH
ITH.L (update): GS downgrades to Sell, £1.80 target (20-25% downside from £2.20 levels) citing 15% premium to EU E&P peers on 2P reserves despite 111% YTD rally. Post-ENI merger doubled production to 119-125 kboe/d, $500M dividend yielding 19%. Risks: EU gas oversupply, 78% UK tax rate.
Read full article (8 min)