Diversified Energy (LON:DEC) Trading Up 2.1% – Still a Buy?

Diversified Energy Company PLC (LON:DEC)’s stock price rose 2.1% on Wednesday . The company traded as high as GBX 1,260 ($15.80) and last traded at GBX 1,259 ($15.79). Approximately 95,963 shares changed hands during trading, a decline of 72% from the average daily volume of 339,503 shares. The stock had previously closed at GBX 1,233 ($15.46).

Diversified Energy Stock Performance

The company has a market capitalization of £610.74 million, a P/E ratio of 593.87, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19. The business has a 50 day moving average of GBX 1,110.75 and a 200 day moving average of GBX 1,056.54. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 309.61.

Diversified Energy Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given 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 dividend payout ratio is 4,245.28%.

About Diversified Energy

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.