Diversified Energy (LON:DEC) Trading 0.5% Higher – Still a Buy?

Diversified Energy Company PLC (LON:DEC)’s stock price traded up 0.5% during trading on Thursday . The company traded as high as GBX 1,050.97 ($13.68) and last traded at GBX 1,027 ($13.37). 126,169 shares were traded during mid-day trading, a decline of 65% from the average session volume of 355,726 shares. The stock had previously closed at GBX 1,022 ($13.30).

Diversified Energy Stock Performance

The company has a debt-to-equity ratio of 309.61, a current ratio of 0.44 and a quick ratio of 0.37. The stock has a market cap of £496.26 million, a price-to-earnings ratio of 484.43, a P/E/G ratio of -0.32 and a beta of 0.19. The stock’s 50-day moving average is GBX 884.60 and its 200 day moving average is GBX 1,033.07.

Diversified Energy Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, November 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 2.11%. Diversified Energy’s payout ratio is currently 4,245.28%.

Insider Activity at Diversified Energy

In related news, insider Sandra Stash purchased 1,040 shares of Diversified Energy stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of GBX 1,125 ($14.64) per share, for a total transaction of £11,700 ($15,230.41). 18.06% of the stock is owned by insiders.

About Diversified Energy

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.