Diversified Energy (LON:DEC) Reaches New 12-Month High – Here’s What Happened

Diversified Energy Company PLC (LON:DEC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,344 ($16.82) and last traded at GBX 1,344 ($16.82), with a volume of 76507 shares changing hands. The stock had previously closed at GBX 1,335 ($16.70).

Diversified Energy Stock Up 0.6 %

The stock has a market cap of £655.86 million, a P/E ratio of 637.74, a P/E/G 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 firm’s fifty day moving average is GBX 1,144.08 and its 200 day moving average is GBX 1,061.61.

Diversified Energy Announces Dividend

The firm 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. The ex-dividend date is Thursday, February 27th. This represents a dividend yield of 2.29%. Diversified Energy’s payout ratio is presently 4,245.28%.

Diversified Energy Company Profile

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.