Ithaca Energy (LON:ITH) Sets New 52-Week High - Should You Buy?

Ithaca Energy plc (LON:ITH - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as GBX 165.80 ($2.25) and last traded at GBX 165.66 ($2.24), with a volume of 4669976 shares. The stock had previously closed at GBX 155 ($2.10).

Ithaca Energy Stock Up 1.3%

The firm has a market capitalization of £3.44 billion and a price-to-earnings ratio of 18.85. The company's fifty day moving average is GBX 137.55 and its two-hundred day moving average is GBX 131.13.

Ithaca Energy Dividend Announcement

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

Insider Buying and Selling at Ithaca Energy

In other news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.19), for a total transaction of £185,123.88 ($250,811.38). Over the last 90 days, insiders bought 323 shares of company stock valued at $44,846. Corporate insiders own 89.60% of the company's stock.

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.