Ithaca Energy (LON:ITH) Trading Down 11.1% - Time to Sell?

Ithaca Energy plc (LON:ITH - Get Free Report) shares traded down 11.1% during mid-day trading on Friday . The stock traded as low as GBX 138.94 ($1.79) and last traded at GBX 140.60 ($1.81). 2,443,854 shares traded hands during trading, an increase of 36% from the average session volume of 1,799,761 shares. The stock had previously closed at GBX 158.20 ($2.04).

Ithaca Energy Trading Down 2.0 %

The firm has a fifty day simple moving average of GBX 136.54 and a 200 day simple moving average of GBX 119.53. The stock has a market cap of £2.68 billion and a price-to-earnings ratio of 14.66.

Ithaca Energy Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 6.56%. Ithaca Energy's dividend payout ratio (DPR) is currently 319.76%.

Insider Buying and Selling

In other Ithaca Energy 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 ($2.09), for a total value of £185,123.88 ($238,623.20). 89.60% of the stock is owned by corporate insiders.

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.