Ithaca Energy (LON:ITH) Stock Price Down 11.1% – Time to Sell?

Shares of Ithaca Energy plc (LON:ITH) were down 11.1% on Thursday . The company traded as low as GBX 138.94 ($1.82) and last traded at GBX 140.60 ($1.84). Approximately 2,443,854 shares were traded during trading, an increase of 36% from the average daily volume of 1,799,761 shares. The stock had previously closed at GBX 158.20 ($2.07).

Ithaca Energy Stock Down 11.1 %

The company’s 50 day moving average price is GBX 136.13 and its two-hundred day moving average price is GBX 118.97. The firm has a market cap of £2.93 billion and a PE ratio of 16.06.

Ithaca Energy Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, April 10th will be given a $0.12 dividend. This represents a yield of 6.56%. The ex-dividend date of this dividend is Thursday, April 10th. Ithaca Energy’s dividend payout ratio (DPR) is currently 319.76%.

Insider Buying and Selling at Ithaca Energy

In other Ithaca Energy news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.12), for a total transaction of £185,123.88 ($242,562.74). Company insiders own 89.60% of the company’s stock.

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.