Diversified Energy (LON:DEC) Shares Up 2.2% – Should You Buy?

Shares of Diversified Energy Company PLC (LON:DEC) traded up 2.2% on Tuesday . The company traded as high as GBX 1,334 ($16.45) and last traded at GBX 1,327 ($16.36). 116,169 shares changed hands during trading, a decline of 60% from the average session volume of 293,004 shares. The stock had previously closed at GBX 1,298 ($16.00).

Diversified Energy Trading Up 2.2 %

The firm’s 50 day moving average price is GBX 1,270.32 and its 200-day moving average price is GBX 1,089.92. The company has a debt-to-equity ratio of 309.61, a current ratio of 0.44 and a quick ratio of 0.37. The stock has a market cap of £643.73 million, a P/E ratio of 625.94, a P/E/G ratio of -0.32 and a beta of 0.19.

Diversified Energy Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.29 dividend. This represents a yield of 2.29%. The ex-dividend date of this dividend is Thursday, February 27th. Diversified Energy’s dividend payout ratio (DPR) 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.