Diversified Energy (LON:DEC) Shares Down 1.5% – Here’s What Happened

Shares of Diversified Energy Company PLC (LON:DEC) traded down 1.5% during trading on Friday . The company traded as low as GBX 1,014.77 and last traded at GBX 1,024. 47,561 shares changed hands during trading, a decline of 90% from the average session volume of 463,056 shares. The stock had previously closed at GBX 1,040.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 3,000 target price on shares of Diversified Energy in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 3,000.

Diversified Energy Stock Performance

The stock has a market cap of £785.17 million, a price-to-earnings ratio of -3.85, a PEG 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 316.76. The firm has a fifty day simple moving average of GBX 998.06 and a 200 day simple moving average of GBX 1,058.38.

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.