Diversified Energy (LON:DEC) Shares Up 2.1% - What's Next?

Diversified Energy Company PLC (LON:DEC - Get Free Report)'s share price was up 2.1% during trading on Wednesday . The company traded as high as GBX 1,260 ($15.79) and last traded at GBX 1,259 ($15.78). Approximately 95,963 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 339,503 shares. The stock had previously closed at GBX 1,233 ($15.45).

Diversified Energy Price Performance

The company has a 50-day moving average of GBX 1,118.41 and a 200-day moving average of GBX 1,057.55. The company has a debt-to-equity ratio of 309.61, a quick ratio of 0.37 and a current ratio of 0.44. The stock has a market cap of £610.74 million, a price-to-earnings ratio of 593.87, a PEG ratio of -0.32 and a beta of 0.19.

Diversified Energy Announces Dividend

The company also recently announced 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 of this dividend is Thursday, February 27th. Diversified Energy's dividend payout ratio (DPR) is presently 4,245.28%.

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.