Ithaca Energy plc (LON:ITH – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 110.29 ($1.45) and last traded at GBX 110.79 ($1.46), with a volume of 866415 shares. The stock had previously closed at GBX 116 ($1.53).
Ithaca Energy Stock Performance
The firm has a market capitalization of £1.12 billion and a price-to-earnings ratio of 926.94. The company has a 50-day moving average price of GBX 126.21 and a 200-day moving average price of GBX 126.56.
Ithaca Energy Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 5th. This represents a yield of 5.76%. Ithaca Energy’s dividend payout ratio is currently 24,166.67%.
About Ithaca Energy
Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.
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