Diversified Energy (LON:DEC) Sets New 52-Week High – Should You Buy?

Diversified Energy Company PLC (LON:DEC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,344 ($16.82) and last traded at GBX 1,344 ($16.82), with a volume of 76507 shares changing hands. The stock had previously closed at GBX 1,335 ($16.70).

Diversified Energy Stock Performance

The firm has a fifty day simple moving average of GBX 1,144.08 and a 200 day simple moving average of GBX 1,061.61. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 309.61. The stock has a market cap of £655.86 million, a price-to-earnings ratio of 637.74, a PEG ratio of -0.32 and a beta of 0.19.

Diversified Energy Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.29 dividend. The ex-dividend date is Thursday, February 27th. This represents a yield of 2.29%. Diversified Energy’s dividend payout ratio (DPR) is currently 4,245.28%.

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.