Diversified Energy (DEC) Expected to Announce Quarterly Earnings on Monday

Diversified Energy (NYSE:DEC - Get Free Report) is projected to announce its earnings results before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $248.76 million for the quarter.

Diversified Energy Stock Up 0.0 %

NYSE:DEC traded up $0.01 on Tuesday, reaching $13.07. The company's stock had a trading volume of 585,223 shares, compared to its average volume of 322,244. Diversified Energy has a 1-year low of $10.54 and a 1-year high of $17.70. The business's 50-day moving average price is $15.07 and its two-hundred day moving average price is $14.07.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 8.88%.

Wall Street Analysts Forecast Growth

DEC has been the topic of several research analyst reports. KeyCorp upped their price objective on Diversified Energy from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Truist Financial increased their price target on Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, January 6th.

Diversified Energy Company Profile

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.