Diversified Energy (LON:DEC) Trading 2.1% Higher – Here’s Why

Shares of Diversified Energy Company PLC (LON:DEC) were up 2.1% during trading on Wednesday . The stock traded as high as GBX 1,260 ($15.80) and last traded at GBX 1,259 ($15.79). Approximately 95,963 shares changed hands 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 ($15.46).

Diversified Energy Stock Up 2.1 %

The company has a market cap of £610.74 million, a P/E ratio of 593.87, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19. 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 business’s fifty day moving average is GBX 1,110.75 and its two-hundred day moving average is GBX 1,056.54.

Diversified Energy Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.29 per share. 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 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.