Ithaca Energy plc (LON:ITH) Insider Acquires £149.35 in Stock

Ithaca Energy plc (LON:ITH) insider Iain Clifford Scobbie Lewis purchased 103 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of GBX 145 ($1.96) per share, with a total value of £149.35 ($202.15).

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Monday, April 7th, Iain Clifford Scobbie Lewis purchased 117 shares of Ithaca Energy stock. The shares were acquired at an average cost of GBX 128 ($1.73) per share, with a total value of £149.76 ($202.71).
• On Friday, March 28th, Iain Clifford Scobbie Lewis sold 114,274 shares of Ithaca Energy stock. The shares were sold at an average price of GBX 162 ($2.19), for a total value of £185,123.88 ($250,573.74).

Ithaca Energy Price Performance

Shares of Ithaca Energy stock opened at GBX 146.20 ($1.98) on Monday. The business has a fifty day simple moving average of GBX 136.02 and a two-hundred day simple moving average of GBX 129.75. Ithaca Energy plc has a 1 year low of GBX 94.38 ($1.28) and a 1 year high of GBX 165.40 ($2.24). The company has a market capitalization of £3.05 billion and a price-to-earnings ratio of 16.70.

Ithaca Energy Announces Dividend

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

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.