Diversified Energy (LON:DEC) Stock Price Down 1.1% – Here’s What Happened

Shares of Diversified Energy Company PLC (LON:DEC) were down 1.1% during trading on Wednesday . The stock traded as low as GBX 883 ($11.53) and last traded at GBX 894 ($11.67). Approximately 133,591 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 372,442 shares. The stock had previously closed at GBX 903.50 ($11.80).

Diversified Energy Trading Down 1.1 %

The firm’s 50-day simple moving average is GBX 915.05 and its 200 day simple moving average is GBX 1,046.99. The firm has a market cap of £433.68 million, a P/E ratio of 421.70, a price-to-earnings-growth ratio of -0.32 and a beta of 0.19. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 309.61.

Diversified Energy Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, November 28th will be paid a $0.29 dividend. The ex-dividend date is Thursday, November 28th. This represents a yield of 2.11%. Diversified Energy’s payout ratio is 4,245.28%.

Insider Buying and Selling at Diversified Energy

In other Diversified Energy news, insider Sandra Stash acquired 1,040 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were acquired at an average cost of GBX 1,125 ($14.69) per share, with a total value of £11,700 ($15,278.14). 18.06% of the stock is owned by corporate insiders.

About Diversified Energy

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.