Ithaca Energy PLC (ITH) AI Stock Analysis

• Market Cap: £3.67B
• Dividend Yield: 13.53%
• Average Volume (3M): 1.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.07
• Revenue Growth: 31.96%
• EPS Growth: -159.27%
• Country: UK
• Employees: 657
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.05
• Shares Outstanding: 1,653,732,400
• 10 Day Avg. Volume: 1,141,336
• 30 Day Avg. Volume: 1,380,523
• PEG Ratio: -0.28
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.81
• P/FCF Ratio: 4.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £200.00
• Price Target Upside: 2.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: 211.00p ▲(8.09% Upside)

Ithaca Energy PLC's overall stock score is primarily influenced by its strong financial performance in terms of revenue growth and cash flow generation. However, profitability challenges and a negative P/E ratio weigh down the valuation score. Technical analysis shows mixed signals, with potential short-term weakness but longer-term strength. The high dividend yield is a positive aspect, but the stock's valuation remains a concern.

Positive Factors

Revenue Growth

Ithaca Energy's robust revenue growth indicates effective market strategies and expanding operations, which are crucial for long-term sustainability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling the company to invest in growth opportunities and manage debt effectively.

Operational Efficiency

High operational efficiency, as shown by strong EBIT and EBITDA margins, supports sustainable profitability and competitive positioning in the industry.

Negative Factors

Profitability Challenges

Ongoing profitability issues, reflected in negative net income, could hinder long-term growth and shareholder value if not addressed.

Negative Net Profit Margin

A negative net profit margin indicates challenges in converting revenue into profit, which may impact financial health and investment capacity.

Return on Equity

Negative return on equity suggests inefficiencies in using shareholders' capital to generate profits, potentially affecting investor confidence.

Ithaca Energy PLC Business Overview & Revenue Model

Company Description

Ithaca Energy Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea and Moray Firth areas. As of December 31, 2021, it had proved and probable reserves, and resources of 5.6 millions of barrels of oil equivalent. The company was incorporated in 2004 and is headquartered in Aberdeen, the United Kingdom. Ithaca Energy Limited is a subsidiary of Delek North Sea Limited.

How the Company Makes Money

Ithaca Energy generates revenue primarily through the production and sale of crude oil and natural gas. The company monetizes its hydrocarbon resources by extracting oil and gas from its offshore fields and selling them in competitive markets. Key revenue streams include sales from its operated and non-operated production assets, which contribute significantly to its cash flow. Additionally, Ithaca Energy may benefit from partnerships with other industry players, joint ventures, and strategic alliances, allowing for shared investment and risk in exploration and development projects. The company also focuses on cost management and operational efficiency to enhance profitability in fluctuating commodity price environments.

Ithaca Energy PLC Financial Statement Overview

Summary

Ithaca Energy PLC shows strong revenue growth and operational efficiency, but faces challenges with profitability due to negative net income. The balance sheet is stable with manageable leverage, and strong cash flow generation provides financial flexibility. Improving profitability is crucial for future growth.

Income Statement

Ithaca Energy PLC shows a mixed performance in its income statement. The TTM data indicates a strong revenue growth rate of 17.42%, suggesting a positive trajectory. However, the company faces challenges with profitability, as evidenced by a negative net profit margin of -6.71% in the TTM period. The EBIT and EBITDA margins are relatively healthy at 31.32% and 62.00%, respectively, indicating operational efficiency. The company needs to address its net losses to improve overall profitability.

Balance Sheet

The balance sheet of Ithaca Energy PLC reflects a stable financial position with a debt-to-equity ratio of 0.38 in the TTM period, showing a manageable level of leverage. However, the return on equity is negative at -5.53%, highlighting profitability issues. The equity ratio is reasonable, indicating a solid capital structure. The company should focus on improving its return on equity to enhance shareholder value.

Cash Flow

Ithaca Energy PLC demonstrates strong cash flow management with a significant free cash flow growth rate of 52.73% in the TTM period. The operating cash flow to net income ratio is 0.69, indicating efficient cash generation relative to net income. The free cash flow to net income ratio of 0.46 suggests that the company is generating substantial free cash flow despite net losses. Continued focus on cash flow generation will support financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.59B	1.98B	2.32B	2.60B	1.43B	1.11B
Gross Profit	1.23B	842.21M	1.00B	1.25B	549.06M	311.46M
EBITDA	1.54B	1.04B	1.15B	1.79B	918.11M	618.15M
Net Income	-170.13M	153.15M	215.63M	1.03B	620.62M	-467.10M
Balance Sheet
Total Assets	8.29B	8.27B	6.25B	6.76B	4.73B	4.26B
Cash, Cash Equivalents and Short-Term Investments	449.90M	178.08M	156.54M	253.82M	44.85M	1.20M
Total Debt	1.13B	1.07B	768.71M	1.27B	1.44B	1.85B
Total Liabilities	5.58B	5.23B	3.80B	4.30B	4.06B	3.72B
Stockholders Equity	2.71B	3.04B	2.44B	2.46B	676.51M	542.47M
Cash Flow
Free Cash Flow	680.08M	389.20M	811.97M	1.34B	643.06M	593.21M
Operating Cash Flow	1.30B	853.28M	1.29B	1.72B	912.66M	735.27M
Investing Cash Flow	-701.21M	-390.91M	-492.40M	-1.40B	-220.15M	-198.96M
Financing Cash Flow	-452.00M	-449.48M	-900.73M	-107.45M	-650.74M	-549.87M

Ithaca Energy PLC Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 195.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ITH, the sentiment is Neutral. The current price of 195.2 is below the 20-day moving average (MA) of 223.79, below the 50-day MA of 205.05, and above the 200-day MA of 162.23, indicating a neutral trend. The MACD of 3.56 indicates Positive momentum. The RSI at 35.74 is Neutral, neither overbought nor oversold. The STOCH value of 18.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ITH.

Ithaca Energy PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENOG	78 Outperform	£1.77B	10.89	17.24%	5.68%	-2.66%	0.11%
SEPL	70 Outperform	£1.75B	10.79	12.03%	5.63%	159.13%	143.76%
SQZ	66 Neutral	£852.87M	-33.28	-4.31%	8.44%	-32.89%	-239.58%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
HBR	63 Neutral	£3.79B	-10.03	-11.32%	8.09%	123.03%	-330.89%
ITH	58 Neutral	£3.67B	-29.56	-7.04%	13.53%	31.96%	-159.27%
DEC	53 Neutral	£794.95M	-5.06	―	7.26%	―	―

Ithaca Energy PLC Corporate Events

Ithaca Energy Executives Acquire Shares Under Incentive Plan

Ithaca Energy PLC announced that key executives have purchased ordinary shares under the company’s Share Incentive Plan, which allows employees to buy shares using salary deductions. This move highlights the company’s commitment to employee investment and aligns managerial interests with shareholder value, potentially strengthening its market position and stakeholder confidence.

The most recent analyst rating on (GB:ITH) stock is a Hold with a £228.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Enhances Employee Engagement with Share Incentive Plan

Ithaca Energy PLC announced that its Share Incentive Plan (SIP) facilitated the purchase of ordinary shares by key managerial personnel. The plan, approved by HM Revenue and Customs, allows employees to acquire shares through salary deductions. This initiative underscores Ithaca Energy’s commitment to aligning employee interests with company performance, potentially enhancing stakeholder value and strengthening its market position.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy PLC Reinvests Dividends Under Share Incentive Plan

Ithaca Energy PLC has announced the reinvestment of cash dividends into Dividend Shares under its Share Incentive Plan. This move, involving key executives such as the Executive Chairman and Chief Financial Officer, reflects the company’s ongoing commitment to aligning management interests with shareholder value. The transactions were conducted on the London Stock Exchange, highlighting the company’s adherence to regulatory standards and its strategic focus on shareholder returns.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Expands Stake in Cygnus Gas Field, Strengthening UKCS Position

Ithaca Energy has completed the acquisition of an additional 46.25% interest in the Cygnus gas field from Spirit Energy, increasing its operated interest to 85%. This acquisition is part of Ithaca’s strategy to consolidate its position in the UKCS, adding significant reserves and enhancing production capacity. The Cygnus field, being the largest gas field in the UK Continental Shelf, is crucial for the UK’s energy security. The transaction is expected to boost Ithaca’s production rate to approximately 140 kboe/d by the end of the year, solidifying its status as a major producer in the UKCS and providing a platform for future growth.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Appoints Geraldine Murphy as Independent Non-Executive Director

Ithaca Energy has appointed Geraldine Murphy as an Independent Non-Executive Director, effective from October 1, 2025. With over 35 years of experience in energy investment banking and M&A, Murphy’s expertise is expected to support Ithaca Energy’s growth strategy, enhancing its position in the UKCS and contributing to the company’s focus on sustainable energy supply.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Secures €450 Million in Senior Notes and Upsizes Lending Facility

Ithaca Energy PLC has announced the successful pricing of €450 million in senior notes due 2031 and an increase in its reserves-based lending facility from $1 billion to $1.3 billion. This move, driven by strong investor demand, aims to enhance the company’s financial flexibility, support its growth strategy, and fund acquisitions like the Cygnus acquisition, while also optimizing its financial position for future opportunities.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Announces First Interim Dividend for 2025

Ithaca Energy announced its first interim dividend for 2025, amounting to $167 million or $0.1010 per share, to be paid in sterling on 26 September 2025. This move reflects the company’s robust financial position and commitment to delivering attractive returns to shareholders, reinforcing its industry standing as a major player in the UK North Sea oil and gas sector.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Enhances Employee Engagement Through Share Incentive Plan

Ithaca Energy PLC announced the purchase of ordinary shares by its managerial staff under the company’s Share Incentive Plan (SIP), which allows employees to buy shares using salary deductions. This move, disclosed under EU Market Abuse Regulation, indicates the company’s commitment to employee investment and engagement, potentially enhancing stakeholder confidence and aligning managerial interests with company performance.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Announces Major Share Sale by DKL Energy Limited

Ithaca Energy PLC announced the sale of 28,982,206 ordinary shares by DKL Energy Limited, involving PDMRs Idan Wallace, Itshak Tshuva, and Tamir Polikar. The transaction, conducted outside of a trading venue on September 2, 2025, amounted to £61,949,465.33, potentially impacting the company’s market positioning and shareholder interests.

The most recent analyst rating on (GB:ITH) stock is a Buy with a £227.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Grants Performance Share Awards to Key Executives

Ithaca Energy PLC announced the grant of performance share awards to key directors and managerial personnel under its Long Term Incentive Plan. The awards, which will vest in 2028, are contingent upon the company’s total shareholder return compared to a group of energy sector peers. This move is part of Ithaca’s strategy to align management incentives with shareholder interests, potentially impacting the company’s operational focus and market positioning.

The most recent analyst rating on (GB:ITH) stock is a Hold with a £1.55 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Announces $167 Million Interim Dividend for 2025

Ithaca Energy has announced its first interim dividend for 2025, amounting to $167 million or $0.1010 per ordinary share, to be paid on 26 September 2025. This move underscores the company’s commitment to delivering attractive returns to shareholders while leveraging its substantial resource base to support the UK’s energy security.

The most recent analyst rating on (GB:ITH) stock is a Hold with a £177.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.

Ithaca Energy Reports Strong H1 2025 Results and Upgrades Full-Year Guidance

Ithaca Energy PLC reported strong financial and operational performance for the first half of 2025, with significant improvements in production, safety, and environmental metrics. The company has upgraded its full-year guidance, reflecting robust organic production and strategic capital investments. Key developments include progress in the West of Shetland area, acquisitions to bolster its UKCS growth strategy, and a commitment to delivering substantial shareholder returns through dividends. These efforts position Ithaca Energy for long-term growth and stability, enhancing its market presence and stakeholder value.

The most recent analyst rating on (GB:ITH) stock is a Hold with a £177.00 price target. To see the full list of analyst forecasts on Ithaca Energy PLC stock, see the GB:ITH Stock Forecast page.