Diversified Energy Company PLC (NYSE:DEC – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,610,000 shares, a decrease of 5.4% from the August 31st total of 2,760,000 shares. Approximately 5.7% of the company’s stock are sold short. Based on an average daily trading volume, of 418,600 shares, the days-to-cover ratio is presently 6.2 days.
Diversified Energy Stock Performance
Shares of DEC opened at $11.65 on Wednesday. The company’s fifty day moving average is $12.81 and its 200-day moving average is $13.51. Diversified Energy has a 12 month low of $10.54 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.48 and a current ratio of 0.44.
Diversified Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 9.96%.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several research analysts have weighed in on DEC shares. Truist Financial dropped their price objective on shares of Diversified Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp initiated coverage on shares of Diversified Energy in a research note on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price objective on the stock.
Get Our Latest Stock Analysis on DEC
About Diversified Energy
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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