Diversified Energy (LON:DEC) Shares Up 8.1% – Should You Buy?

Diversified Energy Company PLC (LON:DECGet Free Report)’s stock price rose 8.1% during mid-day trading on Tuesday . The stock traded as high as GBX 1,078.58 and last traded at GBX 1,041. Approximately 514,461 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 291,551 shares. The stock had previously closed at GBX 963.

Diversified Energy Price Performance

The stock has a 50 day simple moving average of GBX 1,057.29 and a two-hundred day simple moving average of GBX 1,058.85. The firm has a market cap of £796.17 million, a PE ratio of -3.91, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19. The company has a debt-to-equity ratio of 316.76, a quick ratio of 0.37 and a current ratio of 0.44.

About Diversified Energy

(Get Free Report)

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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