Diversified Energy Cancels 122,657 Shares Under Ongoing Buyback Programme

An update from Diversified Energy Company ( (GB:DEC) ) is now available.

Diversified Energy Company has repurchased 122,657 shares of its common stock on the market at a volume-weighted average price of $13.91 per share under its ongoing share buyback program, with the shares to be cancelled. Following this cancellation, the company will have 79,437,821 shares in issue and none held in treasury, a capital structure change that adjusts the denominator for major shareholding notifications and marginally enhances remaining shareholders’ proportional ownership.

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 producer focused on acquiring, operating and optimizing long-life, cash-generating energy assets. The company’s strategy centers on buying existing producing assets, investing in their environmental and operational performance, and ultimately retiring them in a safe and environmentally secure manner, with an emphasis on sustainability leadership and reliable free cash flow generation for shareholders.

Average Trading Volume: 255,668

Technical Sentiment Signal: Buy

Current Market Cap: £840.6M

See more insights into DEC stock on TipRanks’ Stock Analysis page.