Insider Buying: Diversified Energy Company PLC (LON:DEC) Insider Buys 700 Shares of Stock

Diversified Energy Company PLC (LON:DEC - Get Free Report) insider Martin Keith Thomas acquired 700 shares of Diversified Energy stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of GBX 1,060 ($13.69) per share, with a total value of £7,420 ($9,581.61).

Diversified Energy Stock Performance

LON DEC traded down GBX 27 ($0.35) during trading on Monday, hitting GBX 1,012 ($13.07). 197,590 shares of the company's stock traded hands, compared to its average volume of 396,014. The company has a debt-to-equity ratio of 316.76, a quick ratio of 0.37 and a current ratio of 0.44. The stock has a market capitalization of £645.37 million, a price-to-earnings ratio of 4.19, a PEG ratio of -0.32 and a beta of 0.19. Diversified Energy Company PLC has a 12-month low of GBX 818.50 ($10.57) and a 12-month high of GBX 1,427 ($18.43). The business has a 50 day moving average of GBX 1,184.69 and a 200-day moving average of GBX 1,104.53.

Diversified Energy Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 29th will be issued a $0.29 dividend. This represents a yield of 2.22%. The ex-dividend date of this dividend is Thursday, May 29th. Diversified Energy's dividend payout ratio (DPR) is presently 37.23%.

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.