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

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

Ithaca Energy Stock Performance

The stock has a market capitalization of £2.76 billion and a price-to-earnings ratio of 15.10. The company has a fifty day simple moving average of GBX 138.03 and a two-hundred day simple moving average of GBX 122.72.

Ithaca Energy Dividend Announcement

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

Insider Transactions at Ithaca Energy

In other news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the business’s stock in a transaction on 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). 89.60% of the stock is owned by insiders.

About Ithaca Energy

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.