Ithaca Energy (LON:ITH) Trading Down 0.9% - What's Next?

Ithaca Energy plc (LON:ITH - Get Free Report) shares traded down 0.9% during trading on Tuesday . The stock traded as low as GBX 123 ($1.53) and last traded at GBX 126 ($1.57). 1,183,405 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 2,269,501 shares. The stock had previously closed at GBX 127.20 ($1.58).

Ithaca Energy Stock Performance

The stock's 50-day simple moving average is GBX 116.36 and its two-hundred day simple moving average is GBX 114.64. The stock has a market cap of £2.09 billion and a price-to-earnings ratio of 1,056.67.

Ithaca Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 28th were given a dividend of $0.12 per share. This represents a dividend yield of 9.56%. The ex-dividend date of this dividend was Thursday, November 28th. This is a boost from Ithaca Energy's previous dividend of $0.10. Ithaca Energy's payout ratio is currently 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.