Ithaca Energy PLC (GB:ITH)
LSE:ITH
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Ithaca Energy PLC
(LSE:ITH)
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Rating:64Neutral
Price Target:
261.00 p
â–²(9.76% Upside)
Action:Downgraded
Date:05/24/26
The score is driven primarily by solid fundamentals (strong operating profitability and free cash flow) offset by volatility in earnings and less conservative balance-sheet trends. Technicals are a secondary drag due to weak near-term trend and momentum readings, while valuation is supported by a high dividend yield but held back by a higher P/E for a cyclical business.
Positive Factors
Operating profitability
Sustained operating profitability provides durable internal funding for capex, decommissioning and distributions. High operating cash generation reduces reliance on external financing and supports strategic choices across the North Sea portfolio over multiple quarters.
Negative Factors
Earnings volatility
Material swings in net results, including a reported loss, reduce predictability of retained earnings and distributable cash. Volatility driven by non-operating items and commodity exposure complicates budgeting, capital allocation and long-term planning for stakeholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability
Sustained operating profitability provides durable internal funding for capex, decommissioning and distributions. High operating cash generation reduces reliance on external financing and supports strategic choices across the North Sea portfolio over multiple quarters.
Read all positive factors
Ithaca Energy PLC (ITH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.91B
Dividend Yield14.05%
Average Volume (3M)1.38M
Price to Earnings (P/E)21.8
Beta (1Y)1.02
Revenue Growth36.10%
EPS GrowthN/A
CountryUK
Employees657
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.14
Shares Outstanding1,653,732,400
10 Day Avg. Volume1,141,336
30 Day Avg. Volume1,380,523
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)1.43
Price to Sales (P/S)1.22
P/FCF Ratio4.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£205.00Price Target Upside-13.79% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.32
Revenue Forecast (FY)£3.55B
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. ...
How the Company Makes Money
Ithaca Energy primarily makes money by producing and selling hydrocarbons—crude oil, natural gas, and natural gas liquids—from its portfolio of North Sea (UKCS) assets. Revenue is recognized from the sale of produced volumes to purchasers, with re...
Ithaca Energy PLC Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.20B | 3.01B | 1.98B | 2.32B | 2.60B | 1.43B |
| Gross Profit | 1.23B | 1.26B | 842.21M | 1.00B | 1.25B | 549.06M |
| EBITDA | 1.94B | 2.07B | 1.04B | 1.15B | 1.79B | 918.11M |
| Net Income | 240.57M | -85.86M | 153.15M | 215.63M | 1.03B | 620.62M |
Balance Sheet | ||||||
| Total Assets | 12.10B | 11.40B | 8.27B | 6.25B | 6.76B | 4.73B |
| Cash, Cash Equivalents and Short-Term Investments | 398.88M | 170.16M | 178.08M | 156.54M | 253.82M | 44.85M |
| Total Debt | 1.67B | 1.53B | 1.07B | 768.71M | 1.27B | 1.44B |
| Total Liabilities | 9.70B | 8.83B | 5.23B | 3.80B | 4.30B | 4.06B |
| Stockholders Equity | 2.40B | 2.57B | 3.04B | 2.44B | 2.46B | 676.51M |
Cash Flow | ||||||
| Free Cash Flow | 704.61M | 754.81M | 389.20M | 811.97M | 1.34B | 643.06M |
| Operating Cash Flow | 1.64B | 1.66B | 853.28M | 1.29B | 1.72B | 912.66M |
| Investing Cash Flow | -1.39B | -1.48B | -390.91M | -492.40M | -1.40B | -220.15M |
| Financing Cash Flow | -125.59M | -174.08M | -449.48M | -900.73M | -107.45M | -650.74M |
Ithaca Energy PLC Technical Analysis
Neutral
237.80
Price Trends
253.95
Negative
226.03
Positive
203.27
Positive
Market Momentum
-7.97
Positive
41.69
Neutral
33.35
Neutral
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 237.8 is below the 20-day moving average (MA) of 254.06, below the 50-day MA of 253.95, and above the 200-day MA of 203.27, indicating a neutral trend. The MACD of -7.97 indicates Positive momentum. The RSI at 41.69 is Neutral, neither overbought nor oversold. The STOCH value of 33.35 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £5.06B | -27.67 | -4.05% | 8.77% | 57.55% | -54.80% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | £3.91B | 21.84 | 9.33% | 14.05% | 36.10% | ― | |
63 Neutral | £1.02B | -20.54 | -7.42% | 9.30% | -20.00% | -154.63% | |
58 Neutral | £1.35B | -6.85 | -65.81% | 10.99% | 27.35% | -228.25% | |
56 Neutral | £362.17M | 202.05 | 0.54% | 4.36% | -13.35% | -104.39% | |
52 Neutral | £239.37M | 46.01 | -2.23% | ― | -47.84% | -277.39% |
* Energy Sector Average
GB:ITH
Ithaca Energy PLC
238.80
107.52
81.90%
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Ithaca Energy PLC Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Ithaca Energy boosts liquidity and advances key North Sea projects as Q1 performance underpins rising dividends
Positive
May 20, 2026
Ithaca Energy reported robust first-quarter 2026 performance, with average production of 126 kboe/d and adjusted EBITDAX of $571 million, reinforcing strong cash generation and a strengthened balance sheet despite slightly lower earnings year-on-y...
Business Operations and StrategyStock BuybackShareholder Meetings
Ithaca Energy Wins Full Shareholder Backing at 2026 AGM
Positive
May 13, 2026
Shareholders of Ithaca Energy PLC approved all resolutions at the 2026 annual general meeting, including the receipt of the 2025 accounts, the directors’ remuneration report and policy, and the reappointment of Deloitte as auditor. The vote ...
Executive/Board ChangesRegulatory Filings and Compliance
Ithaca Energy Executives Increase Holdings Under Share Incentive Plan
Positive
May 8, 2026
Ithaca Energy plc disclosed that its executive chairman, chief financial officer and chief executive officer purchased ordinary shares under the company’s HMRC-approved Share Incentive Plan. The plan allows employees to acquire shares via sa...
DividendsRegulatory Filings and Compliance
Ithaca Energy Executives Reinvest Dividends Into Share Incentive Plan
Neutral
Apr 21, 2026
Ithaca Energy has disclosed that dividends paid on shares held within its Share Incentive Plan on 16 April 2026 were automatically reinvested into additional ordinary shares for senior management, including the executive chairman, chief executive ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Ithaca Energy grants long-term performance share awards to top executives
Positive
Apr 17, 2026
Ithaca Energy has granted long-term performance share awards to its top executives under the company’s Long Term Incentive Plan, aligning their potential future equity rewards with shareholder returns. Executive chairman Yaniv Friedman, CEO ...
Executive/Board ChangesRegulatory Filings and Compliance
Ithaca Energy Grants Deferred Share Awards to Senior Executives
Neutral
Apr 17, 2026
Ithaca Energy has granted nil-cost options over ordinary shares to three senior executives under its Deferred Share Bonus Plan, aligning management incentives with shareholder value over the long term. Executive chairman Yaniv Friedman received ri...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Ithaca Energy Publishes 2025 Annual Report and Sets Date for 2026 AGM
Positive
Apr 14, 2026
Ithaca Energy has published its Annual Report and Accounts for the year ended 31 December 2025, together with the notice of its 2026 Annual General Meeting, on its investor website. Shareholders who have opted for paper communications will receive...
Regulatory Filings and Compliance
Ithaca Energy Executives Acquire Shares Under Employee Incentive Plan
Neutral
Apr 9, 2026
Ithaca Energy has reported routine dealings in its ordinary shares under its HMRC-approved Share Incentive Plan, an all-employee scheme allowing staff to buy shares through monthly salary deductions. On 7 April 2026, the SIP trustee purchased ordi...
Business Operations and StrategyDividends
Ithaca Energy Sets $200 Million Third Interim Dividend for 2025
Positive
Mar 31, 2026
Ithaca Energy has declared its third interim dividend for 2025 totalling $200 million, equivalent to $0.1209 per ordinary share, to be paid on 16 April 2026 to shareholders on the register as of 27 March 2026. The distribution, converted into ster...
Regulatory Filings and Compliance
Ithaca Energy CFO Exercises LTIP Options and Sells Shares
Neutral
Mar 23, 2026
Ithaca Energy has disclosed share transactions involving its Chief Financial Officer, Iain Lewis, following the exercise of a nil-cost option award under the company’s Long Term Incentive Plan. Lewis exercised vested options over 63,399 ordi...
Business Operations and StrategyDividends
Ithaca Energy Announces $200 Million Third Interim Dividend for 2025
Positive
Mar 18, 2026
Ithaca Energy has declared a third interim dividend for 2025 of $200 million, equivalent to $0.1209 per ordinary share, to be paid on 16 April 2026 to shareholders on the register as of 27 March 2026. The payout will be made in sterling, with the ...
Business Operations and StrategyDividendsFinancial Disclosures
Ithaca Energy lifts output, boosts cash and advances West of Shetland growth
Positive
Mar 18, 2026
Ithaca Energy reported strong operational and financial results for 2025, lifting average production to 119,000 barrels of oil equivalent per day and exiting the year at about 148,000 boe/d, while cutting unit operating costs and boosting adjusted...
Regulatory Filings and Compliance
Ithaca Energy Executives Acquire Shares Under All-Employee Incentive Plan
Neutral
Mar 11, 2026
Ithaca Energy has disclosed that its executive chairman, chief financial officer and chief executive officer each acquired ordinary shares in the company under its HMRC-approved Share Incentive Plan, with purchases executed on 6 March 2026 via the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.