Diversified Energy (LON:DEC) Stock Price Up 1.6% - Here's Why

Shares of Diversified Energy Company PLC (LON:DEC - Get Free Report) were up 1.6% during trading on Wednesday . The company traded as high as GBX 1,384 ($17.42) and last traded at GBX 1,374 ($17.29). Approximately 108,535 shares were traded during trading, a decline of 46% from the average daily volume of 201,522 shares. The stock had previously closed at GBX 1,353 ($17.03).

Diversified Energy Trading Up 0.7 %

The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37. The business's 50 day moving average is GBX 1,313.30 and its 200 day moving average is GBX 1,107.30. The stock has a market cap of £853.90 million, a price-to-earnings ratio of 5.54, a P/E/G ratio of -0.32 and a beta of 0.19.

Diversified Energy Dividend Announcement

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