Diversified Energy (LON:DEC) Reaches New 12-Month High – Time to Buy?

Diversified Energy Company PLC (LON:DEC) shares reached a new 52-week high during trading on Friday . The company traded as high as GBX 1,336 and last traded at GBX 1,324, with a volume of 235718 shares changing hands. The stock had previously closed at GBX 1,256.

Diversified Energy Trading Up 0.2%

The firm has a market cap of £1.02 billion, a PE ratio of -4.98, a PEG ratio of -0.32 and a beta of 0.59. The firm has a fifty day simple moving average of GBX 1,031.97 and a two-hundred day simple moving average of GBX 1,050.24. The company has a current ratio of 0.60, a quick ratio of 0.37 and a debt-to-equity ratio of 312.91.

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.