Diversified Energy (LON:DEC) Reaches New 12-Month Low – Here’s What Happened

Diversified Energy Company PLC (LON:DEC)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 803.58 ($10.27) and last traded at GBX 821 ($10.49), with a volume of 275792 shares trading hands. The stock had previously closed at GBX 917.50 ($11.72).

Diversified Energy Trading Down 4.9 %

The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 316.76. The company has a market capitalization of £522.61 million, a PE ratio of 3.39, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19. The stock’s fifty day moving average price is GBX 1,096.77 and its two-hundred day moving average price is GBX 1,116.67.

Diversified Energy Announces Dividend

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

Insider Activity

In related news, insider Martin Keith Thomas purchased 700 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of GBX 1,060 ($13.54) per share, with a total value of £7,420 ($9,481.22). Also, insider David Edward Johnson acquired 1,250 shares of the stock in a transaction on Tuesday, March 18th. The stock was bought at an average price of GBX 1,020 ($13.03) per share, with a total value of £12,750 ($16,291.85). Insiders own 18.06% of the company’s stock.

Diversified Energy Company Profile

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.