Ithaca Energy yielding 21% on dividend ‘target’ highlights Jefferies30 Mar 2023 21:22
Jefferies believes these deferrals are unlikely to have much of a cash impact at current crude prices nor on the US$400m dividend "target" for financial year 2023.
'Buy' with a 245p share price target is Jefferies' view, but investors seem sceptical that Ithaca will make good on its ‘target’ with the shares down 5% at 147p