Diversified Energy (LON:DEC) Reaches New 12-Month High – Time to Buy?

Diversified Energy Company PLC (LON:DEC) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as GBX 1,246 and last traded at GBX 1,239.18, with a volume of 326819 shares changing hands. The stock had previously closed at GBX 1,196.

Wall Street Analyst Weigh In

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

Diversified Energy Stock Up 3.6%

The stock has a market cap of £950.17 million, a price-to-earnings ratio of -4.66, a PEG ratio of -0.32 and a beta of 0.59. The company has a debt-to-equity ratio of 312.91, a quick ratio of 0.37 and a current ratio of 0.60. The firm’s 50-day simple moving average is GBX 1,007.77 and its two-hundred day simple moving average is GBX 1,045.51.

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.