Diversified Energy (LON:DEC) Trading Down 11.2% – Here’s Why

Diversified Energy Company PLC (LON:DEC) fell 11.2% during trading on Wednesday . The company traded as low as GBX 1,236.24 and last traded at GBX 1,252. 338,192 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 454,880 shares. The stock had previously closed at GBX 1,410.

Diversified Energy Trading Down 11.2%

The stock has a market capitalization of £960.00 million, a PE ratio of -4.71, a P/E/G ratio of -0.32 and a beta of 0.59. The company’s 50 day moving average price is GBX 1,059.09 and its two-hundred day moving average price is GBX 1,053.75. The company has a debt-to-equity ratio of 312.91, a current ratio of 0.60 and a quick ratio of 0.37.

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.