Can Ithaca Energy shares revisit peak prices?
With its shares tracking the price of oil this year, independent analyst Alistair Strang assesses prospects for this North Sea oil & gas company.
15th July 2026 07:27
by Alistair Strang from Trends and Targets
We’ve been receiving emails recently relating to a bunch of shares which have proven fairly reliable in paying dividends. It feels like quite a few folk are more concerned about dividend income rather than share price movements. Obviously, it’s the case that investors want both things to happen. There’s little point in receiving dividends if the long-term value of your initial investment decreases’ by commensurate amounts and fails to recover.
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Thankfully, Ithaca Energy Ordinary Share (LSE:ITH), despite movements this year, does not appear to be following a downward pattern. Quite the opposite, the share price doubtless enjoying the undercurrents of events in the Middle East, wanting to go up, inhibited by global chaos and suffering the same damage common among many shares.
At present, we’d have some concern with share price movement below 220p as this threatens to trigger reversal to an initial 211p with our secondary, if broken, a potential bottom at 185p. Visually, this secondary target has the potential to challenge the red uptrend since 2024, something which can be viewed as a potential opportunity perhaps. While nothing suggests this may be a risk currently, it’s certainly worth remembering the proximity of the red line should Ithaca start some reversals.
However, it feels more probable some gains can be anticipated. Above 242p feels like it has the potential to trigger gains to an initial 257p with our secondary, if bettered, a surprising 294p. This secondary would represent a new all-time high, placing the share price in a zone where a future 330p shall be regarded as exerting an attraction.
Fingers crossed.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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