Diversified Energy (LON:DEC) Reaches New 1-Year High – Still a Buy?

Diversified Energy Company PLC (LON:DEC) shares hit a new 52-week high on Friday . The stock traded as high as GBX 1,336 and last traded at GBX 1,324, with a volume of 235718 shares changing hands. The stock had previously closed at GBX 1,256.

Diversified Energy Price Performance

The business’s 50-day simple moving average is GBX 1,031.97 and its 200-day simple moving average is GBX 1,050.24. The stock has a market cap of £1.02 billion, a PE ratio of -4.98, a PEG ratio of -0.32 and a beta of 0.59. The company has a quick ratio of 0.37, a current ratio of 0.60 and a debt-to-equity ratio of 312.91.

Diversified Energy Company Profile

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.