Diversified Energy (LON:DEC) Trading Down 0.3% – Here’s What Happened

Diversified Energy Company PLC (LON:DEC)’s share price fell 0.3% on Friday . The stock traded as low as GBX 1,061 ($14.27) and last traded at GBX 1,100.18 ($14.80). 1,533,851 shares were traded during mid-day trading, an increase of 325% from the average session volume of 360,533 shares. The stock had previously closed at GBX 1,103 ($14.83).

Diversified Energy Price Performance

The business’s 50-day simple moving average is GBX 1,001.95 and its two-hundred day simple moving average is GBX 1,114.27. The stock has a market cap of £701.60 million, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19. The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37.

Diversified Energy Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a dividend of $0.29 per share. This represents a yield of 2.29%. The ex-dividend date of this dividend was Thursday, February 27th. Diversified Energy’s payout ratio is 37.23%.

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.