Diversified Energy (LON:DEC) Shares Up 8.1% – Still a Buy?

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

Diversified Energy Stock Performance

The stock has a market capitalization of £796.17 million, a P/E ratio of -3.91, a P/E/G ratio of -0.32 and a beta of 0.19. The company’s 50-day moving average is GBX 1,057.29 and its two-hundred day moving average is GBX 1,058.85. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 316.76.

Diversified Energy Company Profile

(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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