Diversified Energy (LON:DEC) Trading Up 1.1% – Still a Buy?

Diversified Energy Company PLC (LON:DEC) was up 1.1% on Wednesday . The stock traded as high as GBX 1,144 and last traded at GBX 1,134. Approximately 47,865 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 628,881 shares. The stock had previously closed at GBX 1,122.

Diversified Energy Price Performance

The company’s fifty day moving average is GBX 1,142.44 and its two-hundred day moving average is GBX 1,070.86. The firm has a market capitalization of £798.12 million, a price-to-earnings ratio of 2.48, a price-to-earnings-growth ratio of -0.32 and a beta of 0.59. The company has a quick ratio of 0.37, a current ratio of 0.60 and a debt-to-equity ratio of 312.91.

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.