Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Diversified Energy Company ( (DEC) ) has issued an announcement.
Diversified Energy Company has repurchased 162,102 of its own common shares on the market under its previously announced share buyback program, at a volume-weighted average price of $13.9584 per share executed through Mizuho Securities USA. The acquired shares will be cancelled, reducing the company’s outstanding share count to 78,722,228, a move that modestly enhances earnings per share and may signal management’s confidence in the company’s valuation while providing shareholders with an updated denominator for regulatory disclosure calculations under UK transparency rules.
More about Diversified Energy Company
Diversified Energy Company is a publicly traded energy company listed in New York and London that focuses on acquiring, operating, and optimizing cash-generating, long-life energy assets. The company’s strategy centers on improving the environmental and operational performance of these assets over their life cycle and retiring them safely, positioning Diversified as a sustainability-focused operator seeking to generate reliable free cash flow and long-term shareholder value.
See more insights into DEC stock on TipRanks’ Stock Analysis page.