Diversified Energy (LON:DEC) Earns “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Diversified Energy (LON:DEC) in a research note published on Tuesday, Price Targets.com reports. They currently have a GBX 160 ($2.09) price objective on the stock.

Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 160 ($2.09) price objective on shares of Diversified Energy in a research report on Thursday, October 28th.

DEC opened at GBX 99.70 ($1.30) on Tuesday. The company has a market cap of £847.05 million and a PE ratio of -7.62. Diversified Energy has a 12 month low of GBX 94.24 ($1.23) and a 12 month high of GBX 129.20 ($1.69). The company has a fifty day moving average of GBX 110.61. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 68.90.

The firm also recently declared a dividend, which will be paid on Monday, March 28th. Shareholders of record on Thursday, March 3rd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, March 3rd. This is a boost from Diversified Energy’s previous dividend of $0.04. This represents a yield of 2.63%. Diversified Energy’s payout ratio is -1.17%.

Diversified Energy Company Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.

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