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Diversified Energy (LON:DEC) Shares Down 1.1% - Here's What Happened

Diversified Energy logo with Energy background

Diversified Energy Company PLC (LON:DEC - Get Free Report) was down 1.1% during mid-day trading on Wednesday . The company traded as low as GBX 883 ($11.53) and last traded at GBX 894 ($11.67). Approximately 133,591 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 372,442 shares. The stock had previously closed at GBX 903.50 ($11.80).

Diversified Energy Stock Down 0.9 %

The stock has a market cap of £429.80 million, a PE ratio of 417.92, a P/E/G ratio of -0.32 and a beta of 0.19. The business has a 50 day moving average of GBX 915.05 and a 200-day moving average of GBX 1,046.99. 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 firm also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, November 28th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 2.11%. Diversified Energy's dividend payout ratio (DPR) is presently 4,245.28%.

Insider Buying and Selling

In related news, insider Sandra Stash bought 1,040 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of GBX 1,125 ($14.69) per share, with a total value of £11,700 ($15,278.14). 18.06% of the stock is owned by company insiders.

About Diversified Energy

(Get Free Report)

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.

Further Reading

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