Ithaca Energy (LON:ITH) Sets New 52-Week Low – Time to Sell?

Ithaca Energy plc (LON:ITH) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 98.30 ($1.27) and last traded at GBX 99.10 ($1.29), with a volume of 3567615 shares. The stock had previously closed at GBX 101.60 ($1.32).

Ithaca Energy Trading Down 2.1 %

The stock’s fifty day simple moving average is GBX 110.34 and its 200-day simple moving average is GBX 118.70. The stock has a market capitalization of £1.64 billion and a PE ratio of 846.67.

Ithaca Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a $0.10 dividend. This represents a dividend yield of 5.76%. The ex-dividend date was Thursday, September 5th. Ithaca Energy’s dividend payout ratio (DPR) is currently 23,333.33%.

Ithaca Energy Company Profile

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.