Diversified Energy (LON:DEC) Trading 8.1% Higher – Still a Buy?

Diversified Energy Company PLC (LON:DECGet Free Report) traded up 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. 514,461 shares were traded during trading, an increase of 76% from the average session volume of 291,551 shares. The stock had previously closed at GBX 963.

Diversified Energy Price Performance

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 firm’s 50 day moving average is GBX 1,057.29 and its 200 day moving average is GBX 1,058.85. The firm has a market cap of £796.17 million, a P/E ratio of -3.91, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19.

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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