Diversified Energy (LON:DEC) Shares Down 4.4% - Here's What Happened

Diversified Energy Company PLC (LON:DEC - Get Free Report)'s stock price was down 4.4% during trading on Wednesday . The company traded as low as GBX 948.50 ($12.26) and last traded at GBX 956 ($12.35). Approximately 182,405 shares changed hands during trading, a decline of 7% from the average daily volume of 196,089 shares. The stock had previously closed at GBX 1,000 ($12.92).

Diversified Energy Stock Down 2.4 %

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 has a 50 day simple moving average of GBX 1,264.55 and a 200 day simple moving average of GBX 1,104.05. The company has a market capitalization of £567.89 million, a price-to-earnings ratio of 3.68, a PEG 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. Stockholders of record on Thursday, February 27th will be paid a $0.29 dividend. This represents a dividend yield of 2.29%. The ex-dividend date is Thursday, February 27th. Diversified Energy's payout ratio is currently 37.23%.

About Diversified Energy

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.