Ithaca Energy (LON:ITH) Reaches New 1-Year High - Time to Buy?

Ithaca Energy plc (LON:ITH - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 171.80 ($2.31) and last traded at GBX 171.40 ($2.30), with a volume of 1382768 shares traded. The stock had previously closed at GBX 170.20 ($2.28).

Ithaca Energy Stock Up 1.0%

The firm has a market cap of £3.75 billion and a P/E ratio of 20.51. The firm has a fifty day moving average of GBX 141.95 and a 200-day moving average of GBX 133.29.

Ithaca Energy Dividend Announcement

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

Insider Transactions at Ithaca Energy

In other Ithaca Energy news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.17), for a total value of £185,123.88 ($248,521.79). Insiders have purchased a total of 323 shares of company stock worth $44,846 in the last 90 days. 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.