Ithaca Energy (LON:ITH) Trading Down 0.1% – What’s Next?

Ithaca Energy plc (LON:ITH) traded down 0.1% during trading on Tuesday . The company traded as low as GBX 132.80 ($1.78) and last traded at GBX 133.60 ($1.79). 373,312 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,032,607 shares. The stock had previously closed at GBX 133.80 ($1.79).

Ithaca Energy Trading Down 1.0 %

The business has a 50-day simple moving average of GBX 138.03 and a 200 day simple moving average of GBX 122.72. The stock has a market cap of £2.76 billion and a P/E ratio of 15.10.

Ithaca Energy Announces Dividend

The business also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 6.56%. Ithaca Energy’s dividend payout ratio (DPR) is presently 319.76%.

Insider Buying and Selling at Ithaca Energy

In related news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.17), for a total transaction of £185,123.88 ($248,288.47). Corporate insiders own 89.60% of the company’s stock.

Ithaca Energy Company Profile

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.