Diversified Energy (LON:DEC) Shares Down 1.3% – Here’s What Happened

by · The Cerbat Gem

Diversified Energy Company PLC (LON:DEC – Get Free Report)’s share price dropped 1.3% during mid-day trading on Thursday . The company traded as low as GBX 936 and last traded at GBX 947. Approximately 3,969,331 shares were traded during mid-day trading, an increase of 558% from the average daily volume of 603,460 shares. The stock had previously closed at GBX 959.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 3,000 price objective on shares of Diversified Energy in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Diversified Energy currently has a consensus rating of “Buy” and a consensus price target of GBX 3,000.

Check Out Our Latest Stock Report on DEC

Diversified Energy Price Performance

The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37. The company has a fifty day moving average price of GBX 1,048.92 and a 200 day moving average price of GBX 1,072.38. The company has a market capitalization of £741.15 million, a P/E ratio of -3.59, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19.

Diversified Energy Company Profile

(Get Free Report)

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.

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