Insider Buying: Diversified Energy Company PLC (LON:DEC) Insider Acquires 1,250 Shares of Stock

Diversified Energy Company PLC (LON:DEC - Get Free Report) insider David Edward Johnson acquired 1,250 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of GBX 1,020 ($13.17) per share, for a total transaction of £12,750 ($16,462.23).

Diversified Energy Stock Performance

LON:DEC traded down GBX 19 ($0.25) during midday trading on Friday, reaching GBX 1,039 ($13.42). The stock had a trading volume of 276,032 shares, compared to its average volume of 397,370. The firm has a fifty day simple moving average of GBX 1,184.69 and a two-hundred day simple moving average of GBX 1,103.03. Diversified Energy Company PLC has a 12-month low of GBX 818.50 ($10.57) and a 12-month high of GBX 1,427 ($18.42). The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 316.76. The stock has a market cap of £662.59 million, a P/E ratio of 4.30, a P/E/G ratio of -0.32 and a beta of 0.19.

Diversified Energy Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 2.22%. Diversified Energy's payout ratio is currently 37.23%.

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.