Diversified Energy (LON:DEC) Reaches New 12-Month High - Here's Why

Diversified Energy Company PLC (LON:DEC - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,344 ($16.82) and last traded at GBX 1,344 ($16.82), with a volume of 76507 shares traded. The stock had previously closed at GBX 1,335 ($16.71).

Diversified Energy Stock Performance

The firm's fifty day moving average price is GBX 1,134.87 and its 200-day moving average price is GBX 1,060.11. The company has a market cap of £651.97 million, a P/E ratio of 633.96, a P/E/G ratio of -0.32 and a beta of 0.19. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 309.61.

Diversified Energy Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 2.29%. Diversified Energy's dividend payout ratio is 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.