Ithaca Energy plc (ITH.L)
| Previous close | 119.40 |
| Open | 121.00 |
| Bid | 119.80 x N/A |
| Ask | 120.40 x N/A |
| Day's range | 119.34 - 121.00 |
| 52-week range | 114.40 - 187.40 |
| Volume | |
| Avg. volume | 619,139 |
| Market cap | 1.206B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 7.04 |
| EPS (TTM) | 0.17 |
| Earnings date | N/A |
| Forward dividend & yield | 0.21 (17.54%) |
| Ex-dividend date | 28 Mar 2024 |
| 1y target est | 1.62 |
ZacksEni (E) to Divest Its UK Upstream Assets to Ithaca Energy
Per the deal, Eni (E) will receive new shares in Ithaca Energy, amounting to 38.5% of the total shares post-merger.
- Reuters
PRESS DIGEST- Financial Times - April 24
Ithaca Energy has agreed on a deal to acquire almost all of Eni's UK oil and gas fields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea's largest producers. - Thames Water and Southern Water, two of Britain's biggest water companies have failed to map large parts of their sewage networks, underscoring the challenge facing privatised utilities as they try to fix their poor environmental record and reduce spills. - British sportswear chain JD Sports is accelerating its push into the U.S. by snapping up New York-listed rival Hibbett in a $1.1 billion deal, its biggest acquisition to date.
- Reuters
UPDATE 4-Ithaca Energy snaps up Eni's UK assets in $940 million North Sea deal
Ithaca Energy has agreed to buy nearly all Eni's UK oil and gas producing assets for about 754 million pounds ($938.3 million) in stock, as it looks to become one of the biggest independent energy companies in the North Sea. The combined entity would be able to produce more than 100,000 barrels of oil equivalent per day until at least 2028, and aims to pay dividends of up to $500 million each in 2024 and 2025, Ithaca said on Tuesday. The North Sea is an energy-rich region in the Atlantic Ocean that has long been coveted by European oil and gas companies for its potential, but aging reserves and security concerns have made development there challenging.
