Diversified Energy (LON:DEC) Hits New 12-Month Low – Time to Sell?

Shares of Diversified Energy Company PLC (LON:DEC) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 661.50 ($8.75) and last traded at GBX 872.50 ($11.55), with a volume of 660304 shares traded. The stock had previously closed at GBX 867 ($11.47).

Diversified Energy Price Performance

The company has a fifty day simple moving average of GBX 1,037.41 and a two-hundred day simple moving average of GBX 1,114.65. The company has a debt-to-equity ratio of 316.76, a quick ratio of 0.37 and a current ratio of 0.44. The company has a market capitalization of £561.51 million, a price-to-earnings ratio of 3.64, a P/E/G ratio of -0.32 and a beta of 0.19.

Diversified Energy Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 29th will be paid a $0.29 dividend. This represents a yield of 2.22%. The ex-dividend date is Thursday, May 29th. Diversified Energy’s payout ratio is 37.23%.

Insider Transactions at Diversified Energy

In other news, insider Martin Keith Thomas bought 700 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of GBX 1,060 ($14.03) per share, for a total transaction of £7,420 ($9,820.01). Also, insider David Edward Johnson purchased 1,250 shares of Diversified Energy stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of GBX 1,020 ($13.50) per share, for a total transaction of £12,750 ($16,874.01). Insiders own 18.06% of the company’s stock.

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.