Ithaca Energy (LON:ITH) Trading Up 0.6%

Ithaca Energy plc (LON:ITH)’s stock price traded up 0.6% on Friday . The stock traded as high as GBX 107.80 ($1.44) and last traded at GBX 105.61 ($1.41). 500,708 shares traded hands during trading, a decline of 40% from the average session volume of 830,964 shares. The stock had previously closed at GBX 105 ($1.41).

Ithaca Energy Price Performance

The stock’s 50-day simple moving average is GBX 119.86 and its two-hundred day simple moving average is GBX 122.95. The firm has a market capitalization of £1.07 billion and a P/E ratio of 880.04.

Ithaca Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a dividend yield of 5.76%. Ithaca Energy’s payout ratio is 23,333.33%.

Ithaca Energy Company Profile

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.