Ithaca Energy (LON:ITH) Reaches New 12-Month High - Still a Buy?

Ithaca Energy plc (LON:ITH - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 171.80 ($2.31) and last traded at GBX 171.40 ($2.31), with a volume of 1382768 shares traded. The stock had previously closed at GBX 170.20 ($2.29).

Ithaca Energy Trading Up 3.7%

The business's fifty day simple moving average is GBX 140.12 and its 200 day simple moving average is GBX 132.10. The stock has a market cap of £3.71 billion and a price-to-earnings ratio of 20.30.

Ithaca Energy Announces Dividend

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

Insider Transactions at Ithaca Energy

In related news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.18), for a total transaction of £185,123.88 ($249,291.52). Insiders have bought a total of 323 shares of company stock valued at $44,846 over the last three months. 89.60% of the stock is currently 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.