Diversified Energy (LON:DEC) Stock Price Up 2.1% – Time to Buy?

Diversified Energy Company PLC (LON:DEC)’s stock price was up 2.1% during mid-day trading on Wednesday . The company traded as high as GBX 1,260 ($15.79) and last traded at GBX 1,259 ($15.78). Approximately 95,963 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 339,503 shares. The stock had previously closed at GBX 1,233 ($15.45).

Diversified Energy Stock Up 1.1 %

The firm has a fifty day moving average price of GBX 1,118.41 and a 200 day moving average price of GBX 1,057.55. The firm has a market capitalization of £617.53 million, a price-to-earnings ratio of 600.47, a P/E/G ratio of -0.32 and a beta of 0.19. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 309.61.

Diversified Energy Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.29 per share. This represents a dividend yield of 2.29%. The ex-dividend date is Thursday, February 27th. Diversified Energy’s payout ratio is presently 4,245.28%.

Diversified Energy Company Profile

Diversified Energy Company (DEC) is focused on acquiring and enhancing onshore gas and oil producing assets and related midstream properties in the United States. Our primary and historical area of operations are within the prolific Appalachian Basin, with additional operations in the states of Louisiana, Oklahoma and Texas announced with our entry to that region in 2021.