Diversified Energy Cancels 151,859 Shares After Buyback on NYSE

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

Diversified Energy Company has repurchased 151,859 of its common shares on the NYSE at a volume-weighted average price of $13.8798 per share under its previously announced share buyback programme, with the shares to be cancelled. Following this cancellation, the company will have 79,285,962 shares in issue and none held in treasury, a change that affects the share count used by investors for disclosure threshold calculations and modestly consolidates existing shareholders’ ownership stakes.

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 company that focuses 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 and in an environmentally secure manner, with an emphasis on sustainability, reliable free cash flow, and shareholder value.

Average Trading Volume: 255,815

Technical Sentiment Signal: Sell

Current Market Cap: £818.1M

Learn more about DEC stock on TipRanks’ Stock Analysis page.