Insider Buying: Diversified Energy Company PLC (LON:DEC) Insider Buys 700 Shares of Stock

Diversified Energy Company PLC (LON:DEC) insider Martin Keith Thomas acquired 700 shares of Diversified Energy stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of GBX 1,060 ($13.69) per share, with a total value of £7,420 ($9,580.37).

Diversified Energy Price Performance

Shares of DEC stock opened at GBX 1,039 ($13.42) on Friday. The stock has a 50 day moving average of GBX 1,184.69 and a two-hundred day moving average of GBX 1,103.03. The company has a current ratio of 0.44, a quick ratio of 0.37 and a debt-to-equity ratio of 316.76. Diversified Energy Company PLC has a 12 month low of GBX 818.50 ($10.57) and a 12 month high of GBX 1,427 ($18.42). The company has a market capitalization of £662.59 million, a P/E ratio of 4.30, a P/E/G ratio of -0.32 and a beta of 0.19.

Diversified Energy Announces Dividend

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

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.