Diversified Energy (LON:DEC) Shares Up 8.1% – What’s Next?

Diversified Energy Company PLC (LON:DEC)’s share price shot up 8.1% during trading on Tuesday . The stock traded as high as GBX 1,078.58 and last traded at GBX 1,041. 514,458 shares traded 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 Up 8.1%

The company has a debt-to-equity ratio of 316.76, a current ratio of 0.44 and a quick ratio of 0.37. The company has a market cap of £796.17 million, a price-to-earnings ratio of -3.91, a P/E/G ratio of -0.32 and a beta of 0.19. The firm has a 50-day moving average price of GBX 1,057.29 and a 200 day moving average price of GBX 1,058.85.

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.