Diversified Energy (LON:DEC) Trading Up 0.3% - Time to Buy?

Key Points

• Diversified Energy Company PLC shares increased by 0.3%, closing at GBX 1,091 ($14.57), despite a significant drop in trading volume of 77% compared to its average.
• The company has a market capitalization of £707.86 million, a low P/E ratio of 4.59, and a high debt-to-equity ratio of 316.76, indicating potential financial risks.
• Diversified Energy focuses on acquiring and enhancing onshore gas and oil assets primarily in the Appalachian Basin, with operations also expanding into Louisiana, Oklahoma, and Texas.

Diversified Energy Company PLC (LON:DEC - Get Free Report)'s share price shot up 0.3% on Tuesday . The stock traded as high as GBX 1,106 ($14.88) and last traded at GBX 1,091 ($14.67). 71,206 shares were traded during trading, a decline of 77% from the average session volume of 308,887 shares. The stock had previously closed at GBX 1,088 ($14.63).

Diversified Energy Stock Performance

The company has a debt-to-equity ratio of 316.76, a quick ratio of 0.37 and a current ratio of 0.44. The firm's 50-day moving average price is GBX 1,085 and its two-hundred day moving average price is GBX 1,064.21. The firm has a market capitalization of £698.30 million, a price-to-earnings ratio of 4.53, a price-to-earnings-growth 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.