Diversified Energy (LON:DEC) Trading 0.5% Higher - What's Next?

Shares of Diversified Energy Company PLC (LON:DEC - Get Free Report) were up 0.5% on Thursday . The company traded as high as GBX 1,050.97 ($13.68) and last traded at GBX 1,027 ($13.37). Approximately 126,169 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 355,726 shares. The stock had previously closed at GBX 1,022 ($13.30).

Diversified Energy Trading Down 5.6 %

The stock has a market capitalization of £470.55 million, a price-to-earnings ratio of 466.33, a price-to-earnings-growth 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. The company has a fifty day moving average of GBX 886.52 and a two-hundred day moving average of GBX 1,033.03.

Diversified Energy Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, November 28th will be issued a dividend of $0.29 per share. This represents a dividend yield of 2.11%. The ex-dividend date is Thursday, November 28th. Diversified Energy's dividend payout ratio is currently 4,245.28%.

Insider Activity at Diversified Energy

In other Diversified Energy news, insider Sandra Stash acquired 1,040 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of GBX 1,125 ($14.64) per share, for a total transaction of £11,700 ($15,230.41). 18.06% of the stock is currently owned by company insiders.

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.