Diversified Energy (LON:DEC) Shares Down 1% - What's Next?

Key Points

• Diversified Energy shares fell 1% on Thursday, closing at GBX 1,042.47 ($14.13), with a trading volume decline of 27% compared to the average.
• The company has a market capitalization of £805.71 million and a notably high debt-to-equity ratio of 316.76, indicating potential financial concerns.
• Diversified Energy focuses on acquiring and enhancing onshore gas and oil assets primarily in the Appalachian Basin, with additional operations in Louisiana, Oklahoma, and Texas.

Diversified Energy Company PLC (LON:DEC - Get Free Report) shares fell 1% during mid-day trading on Thursday . The company traded as low as GBX 1,030 ($13.88) and last traded at GBX 1,042.47 ($14.05). 222,301 shares changed hands during trading, a decline of 27% from the average session volume of 305,930 shares. The stock had previously closed at GBX 1,053 ($14.19).

Diversified Energy Trading Up 0.3%

The stock has a market cap of £808.44 million, a price-to-earnings ratio of -393.23, a PEG ratio of -0.32 and a beta of 0.19. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 316.76. The business has a 50-day moving average of GBX 1,132.25 and a 200-day moving average of GBX 1,043.64.

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.