Ithaca Energy (ITH) Stock Price, Fundamentals & Analysis

What ITH does

Ithaca Energy (ITH) is a stock listed on the London Stock Exchange that operates in the Energy sector, specifically in Oil & Gas E&P. The company, together with its subsidiaries, develops and produces oil and gas in the North Sea, with assets located in the Northern, Central, and Southern North Sea, as well as West of Shetland and the Moray Firth areas of the UK Continental Shelf. It operates as a subsidiary of DKL Energy Limited and was formerly known as Delek North Sea Limited, changing its name in October 2022.

Key numbers explained

• The current price of 2.85 GBP reflects the last traded value on the London Stock Exchange.
• The trailing P/E ratio of 23.8 shows how much investors pay per pound of earnings the company has already earned over the last 12 months.
• The forward P/E ratio of 15.2 uses expected future earnings, offering a look at how the market values the company ahead of those results.
• A dividend yield of 11.92% indicates the annual dividend payment as a percentage of the current share price, though the payout ratio of 191% shows that dividends exceed earnings.
• The beta of 0.34 suggests the stock has historically moved less than the overall market, often interpreted as lower volatility.
• The price-to-book ratio of 257.88 compares the share price to the company's book value per share, a figure that can be unusually high when book value is very low.
• The debt-to-equity ratio of 72.5% measures financial leverage, showing how much debt the company uses relative to shareholder equity.

What to watch

Investors tracking Ithaca Energy often look at factors common to Oil & Gas E&P stocks, such as commodity price movements, production volumes, and capital expenditure plans. The company's position within the UK Continental Shelf and its relationship with parent entity DKL Energy Limited can also influence its strategic direction. For broader context, peers like Shell plc (SHEL), BP (BP), and Frontline (FRO) operate in related energy and maritime segments, while Vår Energi ASA (VAR) and PTT Exploration and Production (PTTEP) offer comparisons in the E&P space. The next earnings release, scheduled for Nov 18, 2026, is a key date for updated financial results.