Diversified Energy (LON:DEC) Stock Price Down 3.5% - What's Next?

Key Points

• Diversified Energy's stock price has decreased by 3.5%, trading at GBX 992 ($13.25) from a previous close of GBX 1,028 ($13.73).
• The company has a market capitalization of £758.69 million and a notably high debt-to-equity ratio of 316.76.
• Diversified Energy primarily focuses on acquiring and enhancing onshore gas and oil assets in the United States, particularly within the Appalachian Basin.

Diversified Energy Company PLC (LON:DEC - ) shares were down 3.5% during mid-day trading on Friday . The stock traded as low as GBX 990 ($13.22) and last traded at GBX 992 ($13.25). Approximately 173,922 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 294,894 shares. The stock had previously closed at GBX 1,028 ($13.73).

Diversified Energy Stock Down 3.5%

The stock has a market capitalization of £758.69 million, a price-to-earnings ratio of -372.93, a PEG ratio of -0.32 and a beta of 0.19. The firm's fifty day moving average is GBX 1,110.84 and its 200-day moving average is GBX 1,051.90. The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37.

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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