Diversified Energy (LON:DEC) Shares Down 0.6% - Should You Sell?

Diversified Energy Company PLC (LON:DEC - Get Free Report)'s stock price was down 0.6% during mid-day trading on Wednesday . The stock traded as low as GBX 948.50 ($12.50) and last traded at GBX 965.50 ($12.72). Approximately 179,313 shares changed hands during trading, a decline of 56% from the average daily volume of 405,085 shares. The stock had previously closed at GBX 971.50 ($12.80).

Diversified Energy Stock Up 0.3%

The company's 50-day moving average is GBX 941.52 and its 200 day moving average is GBX 1,121.16. The stock has a market capitalization of £647.81 million, a PE ratio of 4.20, a price-to-earnings-growth 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.

Diversified Energy Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 29th will be given a $0.29 dividend. This represents a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, May 29th. Diversified Energy's payout ratio is 37.23%.

Insider Buying and Selling at Diversified Energy

In related news, insider Martin Keith Thomas purchased 700 shares of the business's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of GBX 1,060 ($13.97) per share, with a total value of £7,420 ($9,776.02). Also, insider David Edward Johnson acquired 1,250 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of GBX 1,020 ($13.44) per share, with a total value of £12,750 ($16,798.42). Company insiders own 18.06% of the company's stock.

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.