Should I buy or sell Ithaca Energy stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ithaca Energy in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" ITH shares. View ITH analyst ratings or view top-rated stocks .

What is Ithaca Energy's stock price target for 2024?

1 brokers have issued 1-year price targets for Ithaca Energy's stock. Their ITH share price targets range from GBX 165 to GBX 165. On average, they expect the company's stock price to reach GBX 165 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price. View analysts price targets for ITH or view top-rated stocks among Wall Street analysts .

How have ITH shares performed in 2024?

Ithaca Energy's stock was trading at GBX 144.20 at the beginning of the year. Since then, ITH stock has decreased by 17.1% and is now trading at GBX 119.60. View the best growth stocks for 2024 here .

How often does Ithaca Energy pay dividends? What is the dividend yield for Ithaca Energy?

Ithaca Energy declared a dividend on Thursday, March 21st. Shareholders of record on Thursday, March 28th will be given a dividend of GBX 0.13 per share on Wednesday, April 17th. This represents a yield of 7.43%. The ex-dividend date of this dividend is Thursday, March 28th. The official announcement can be viewed at this link . Read our dividend analysis for ITH .

Is Ithaca Energy a good dividend stock?

Ithaca Energy (LON:ITH) pays an annual dividend of GBX 21 per share and currently has a dividend yield of 17.00%. ITH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12,352.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for ITH .

How do I buy shares of Ithaca Energy?

Shares of ITH stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock. Compare Top Brokerages Here .

LON:ITH

Ithaca Energy (ITH) Share Price, News & Analysis

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GBX 119.60

+1.20 (+1.01%)

(As of 04/19/2024 ET)

Compare

Today's Range: 117
▼
122
50-Day Range: 115.40
▼
145.72
52-Week Range: 114.40
▼
187.40

Volume: 462,273 shs
Average Volume: 449,875 shs
Market Capitalization: £1.21 billion

P/E Ratio: 703.53
Dividend Yield: 17.56%
Price Target: GBX 165

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

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Ithaca Energy MarketRank™ Stock Analysis

Analyst Rating: Sell
1.00 Rating Score
Upside/Downside: 38.0% Upside
GBX 165 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.05
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
£30,020 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.64 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Ithaca Energy has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Ithaca Energy has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ITH.

1.7

Dividend Strength

Dividend Leadership
Ithaca Energy is a leading dividend payer. It pays a dividend yield of 17.00%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ithaca Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ithaca Energy is 12,352.94%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ITH.

1.6

News and Social Media Coverage

News Sentiment
Ithaca Energy has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ithaca Energy this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for ITH on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Ithaca Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ithaca Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought £300.20 in company stock and sold GBX 0 in company stock.
Percentage Held by Insiders
88.89% of the stock of Ithaca Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 7.23% of the stock of Ithaca Energy is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Ithaca Energy is 703.53, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ithaca Energy is 703.53, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 96.83.
Price to Book Value per Share Ratio
Ithaca Energy has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Ithaca Energy Stock (LON:ITH)

Ithaca Energy plc, 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, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022. The company was incorporated in 2004 and is based in London, the United Kingdom. Ithaca Energy plc operates as a subsidiary of DKL Energy Limited.

ITH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ITH Stock News Headlines

April 16, 2024 | americanbankingnews.com

Ithaca Energy (LON:ITH) Sets New 52-Week Low at $115.60

April 13, 2024 | msn.com

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March 29, 2024 | finance.yahoo.com

Ithaca Energy Full Year 2023 Earnings: EPS Misses Expectations

March 27, 2024 | barrons.com

Italian Energy Group Eni Eyes Sale Of North Sea Assets

March 27, 2024 | msn.com

Ithaca Energy annual profit slides as UK windfall tax weighs

March 27, 2024 | markets.businessinsider.com

Ithaca Energy FY Profit Declines

March 27, 2024 | oilprice.com

Ithaca Energy in Exclusive Talks to Buy Eni’s UK Upstream Assets

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 27, 2024 | reuters.com

Ithaca Energy 2023 profit slides as UK windfall tax weighs

March 21, 2024 | mirror.co.uk

Banks urged to stop financing company behind controversial Rosebank oil field

March 20, 2024 | uk.finance.yahoo.com

UK banks urged to end finance to company behind Rosebank oil field development

March 18, 2024 | uk.news.yahoo.com

Rosebank oil giant funnelling money to Israeli settlement-linked company

March 18, 2024 | msn.com

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Energy business development fair to connect the country's offshore supply chain

March 6, 2024 | financialpost.com

UK's Hunt Extends North Sea Oil, Gas Windfall Tax by a Year

February 27, 2024 | finance.yahoo.com

Ithaca Energy plc (LON:ITH) Shares Could Be 26% Below Their Intrinsic Value Estimate

February 24, 2024 | msn.com

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February 23, 2024 | yahoo.com

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February 15, 2024 | msn.com

FTSE 100 Live 15 February: UK in recession with worse-than-thought GDP fall, shares flat as early gains fade

See More Headlines

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Company Calendar

Ex-Dividend for 4/17 Dividend: 3/28/2024
Dividend Payable: 4/17/2024
Today: 4/20/2024

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Industry, Sector and Symbol

Stock Exchange: LON
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: LON:ITH
CUSIP: N/A
CIK: N/A
Web: www.ithacaenergy.com
Phone: N/A
Fax: N/A
Employees: 599
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: GBX 165
High Stock Price Target: GBX 165
Low Stock Price Target: GBX 165
Potential Upside/Downside: +38.0%
Consensus Rating: Sell
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 0.17
Trailing P/E Ratio: 703.53
Forward P/E Ratio: 8.11
P/E Growth: N/A
Net Income: £215.64 million
Net Margins: 9.30%
Pretax Margin: N/A
Return on Equity: 8.80%
Return on Assets: 3.54%

Debt

Debt-to-Equity Ratio: 31.45
Current Ratio: 0.79
Quick Ratio: N/A

Sales & Book Value

Annual Sales: £2.32 billion
Price / Sales: 0.52
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: GBX 242 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 1,010,000,000
Free Float: N/A
Market Cap: £1.21 billion
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Gilad Myerson (Age 48)
Executive Chairman
Comp: $7.83M
Mr. Iain Lewis (Age 47)
Interim CEO, CFO & Executive Director
Comp: $391k
Mr. Brian Winton (Age 68)
General Manager of Operations, Projects & Decommissioning
Ms. Rachel Stanley (Age 50)
General Manager of NOJV, Energy Transition, Technology & Innovation
Ms. Julie McAteer
General Counsel & Company Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ITH Stock Analysis - Frequently Asked Questions

Should I buy or sell Ithaca Energy stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ithaca Energy in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" ITH shares.
View ITH analyst ratings or view top-rated stocks.
What is Ithaca Energy's stock price target for 2024?: 1 brokers have issued 1-year price targets for Ithaca Energy's stock. Their ITH share price targets range from GBX 165 to GBX 165. On average, they expect the company's stock price to reach GBX 165 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price.
View analysts price targets for ITH or view top-rated stocks among Wall Street analysts.
How have ITH shares performed in 2024?: Ithaca Energy's stock was trading at GBX 144.20 at the beginning of the year. Since then, ITH stock has decreased by 17.1% and is now trading at GBX 119.60.
View the best growth stocks for 2024 here.
How often does Ithaca Energy pay dividends? What is the dividend yield for Ithaca Energy?: Ithaca Energy declared a dividend on Thursday, March 21st. Shareholders of record on Thursday, March 28th will be given a dividend of GBX 0.13 per share on Wednesday, April 17th. This represents a yield of 7.43%. The ex-dividend date of this dividend is Thursday, March 28th. The official announcement can be viewed at this link.
Read our dividend analysis for ITH.

Is Ithaca Energy a good dividend stock?: Ithaca Energy (LON:ITH) pays an annual dividend of GBX 21 per share and currently has a dividend yield of 17.00%. ITH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12,352.94%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ITH.
How do I buy shares of Ithaca Energy?: Shares of ITH stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:ITH) was last updated on 4/20/2024 by MarketBeat.com Staff

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Ithaca Energy (ITH) Share Price, News & Analysis

Ithaca Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ithaca Energy Stock (LON:ITH)

ITH Stock Price History

ITH Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ITH Stock Analysis - Frequently Asked Questions

Overall MarketRank^™