Diversified Energy (LON:DEC) Stock Price Down 1.1% – Here’s Why

Shares of Diversified Energy Company PLC (LON:DEC) fell 1.1% during mid-day trading on Wednesday . The company traded as low as GBX 883 ($11.53) and last traded at GBX 894 ($11.67). 133,591 shares changed hands during trading, a decline of 64% from the average session volume of 372,442 shares. The stock had previously closed at GBX 903.50 ($11.80).

Diversified Energy Stock Performance

The company has a market capitalization of £433.68 million, a price-to-earnings ratio of 421.70, a P/E/G ratio of -0.32 and a beta of 0.19. The company has a 50 day moving average price of GBX 915.05 and a 200 day moving average price of GBX 1,046.99. The company has a debt-to-equity ratio of 309.61, a quick ratio of 0.37 and a current ratio of 0.44.

Diversified Energy Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, November 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 2.11%. Diversified Energy’s dividend payout ratio is 4,245.28%.

Insider Activity at Diversified Energy

In other Diversified Energy news, insider Sandra Stash bought 1,040 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of GBX 1,125 ($14.69) per share, for a total transaction of £11,700 ($15,278.14). 18.06% of the stock is currently owned by insiders.

About Diversified Energy

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.