Diversified Energy (LON:DEC) Sets New 12-Month High – Here’s What Happened

Shares of Diversified Energy Company PLC (LON:DEC) reached a new 52-week high on Saturday . The company traded as high as GBX 1,246 and last traded at GBX 1,239.18, with a volume of 326819 shares. The stock had previously closed at GBX 1,196.

Analysts Set New Price Targets

Separately, Peel Hunt restated a “buy” rating and issued a GBX 3,000 price target on shares of Diversified Energy in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 3,000.

Diversified Energy Stock Performance

The company has a market cap of £950.17 million, a P/E ratio of -4.66, a price-to-earnings-growth ratio of -0.32 and a beta of 0.59. The stock has a 50 day moving average price of GBX 1,007.77 and a two-hundred day moving average price of GBX 1,047.49. The company has a quick ratio of 0.37, a current ratio of 0.60 and a debt-to-equity ratio of 312.91.

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.