Ithaca Energy (LON:ITH) Stock Price Up 1.3% – Should You Buy?

Ithaca Energy plc (LON:ITH)’s stock price was up 1.3% on Friday . The stock traded as high as GBX 110.80 ($1.39) and last traded at GBX 108.40 ($1.36). Approximately 718,974 shares changed hands during trading, a decline of 26% from the average daily volume of 973,723 shares. The stock had previously closed at GBX 107 ($1.35).

Ithaca Energy Trading Up 1.3 %

The stock has a market capitalization of £1.79 billion and a PE ratio of 903.33. The business’s 50-day moving average is GBX 104.86 and its two-hundred day moving average is GBX 114.45.

Ithaca Energy Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 28th were given a $0.12 dividend. This is an increase from Ithaca Energy’s previous dividend of $0.10. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 9.56%. Ithaca Energy’s dividend payout ratio is presently 23,333.33%.

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.