Diversified Energy (LON:DEC) Trading Down 1.3% – What’s Next?

Diversified Energy Company PLC (LON:DEC)’s stock price was down 1.3% during trading on Thursday . The company traded as low as GBX 936 and last traded at GBX 947. Approximately 3,969,331 shares traded hands during trading, an increase of 558% from the average daily volume of 603,460 shares. The stock had previously closed at GBX 959.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 3,000 price objective on shares of Diversified Energy in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 3,000.

Diversified Energy Price Performance

The company’s 50-day simple moving average is GBX 1,052 and its 200 day simple moving average is GBX 1,073.47. The company has a market cap of £735.71 million, a PE ratio of -3.56, a PEG 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

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.