Diversified Energy (LON:DEC) Shares Up 0.7% - Still a Buy?

Key Points

• Diversified Energy's stock rose 0.7% to a last trading price of GBX 1,222 ($16.50), despite a significant decline in trading volume, down 67% from the average.
• The company's financial metrics include a high debt-to-equity ratio of 316.76 and a low current ratio of 0.44, indicating potential liquidity 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 - )'s stock price shot up 0.7% on Wednesday . The stock traded as high as GBX 1,231 ($16.62) and last traded at GBX 1,222 ($16.50). 98,019 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 294,073 shares. The stock had previously closed at GBX 1,214 ($16.39).

Diversified Energy Stock Up 0.7%

The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37. The firm's 50 day moving average is GBX 1,110.70 and its two-hundred day moving average is GBX 1,049.87. The firm has a market capitalization of £779.29 million, a P/E ratio of 5.06, a PEG ratio of -0.32 and a beta of 0.19.

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.

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