Diversified Energy Cancels 103,367 Shares After Latest Buyback

The latest update is out from Diversified Energy Company ( (GB:DEC) ).

Diversified Energy Company has repurchased 103,367 of its common shares on the open market under its share buyback programme, at a volume‑weighted average price of $13.9938 per share, and plans to cancel all of the acquired stock. Following this cancellation, the company will have 79,182,595 shares outstanding and none held in treasury, a change that slightly reduces the share count, potentially enhances earnings per share, and provides an updated reference point for investors monitoring their ownership thresholds under UK disclosure rules.

The most recent analyst rating on (GB:DEC) stock is a Buy with a £27.00 price target. To see the full list of analyst forecasts on Diversified Energy Company stock, see the GB:DEC Stock Forecast page.

Spark’s Take on GB:DEC Stock

According to Spark, TipRanks’ AI Analyst, GB:DEC is a Neutral.

Diversified Energy’s overall stock score reflects a mix of strong technical indicators and positive earnings call highlights, offset by weak financial performance and valuation concerns. The company’s strategic initiatives, including debt reduction and NYSE listing, are positive, but financial instability and market headwinds pose risks.

To see Spark’s full report on GB:DEC stock, click here.

More about Diversified Energy Company

Diversified Energy Company is a publicly traded energy group focused on acquiring, operating and optimizing cash-generating, long-life energy assets. The company’s strategy centers on buying existing producing assets, investing to enhance their environmental and operational performance, and ultimately retiring them safely, with an emphasis on sustainability, stewardship and stable free cash flow generation for shareholders.

Average Trading Volume: 254,653

Technical Sentiment Signal: Sell

Current Market Cap: £813.1M

For detailed information about DEC stock, go to TipRanks’ Stock Analysis page.