Diversified Energy Executes Share Buyback Program

Diversified Energy Company ( (GB:DEC) ) just unveiled an update.

Diversified Energy Company PLC has executed a share buyback program, purchasing 95,720 ordinary shares at an average price of $14.0062 per share, which will be subsequently canceled. This move reduces the total number of shares in circulation to 78,571,076, potentially impacting shareholder calculations under the FCA’s rules. The buyback is part of the company’s strategy to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (GB:DEC) stock is a Hold with a £900.00 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.

The overall stock score reflects a combination of weak financial performance and moderate technical indicators, offset by positive earnings call sentiment and strategic corporate actions. The high dividend yield provides some support, but underlying financial vulnerabilities and reliance on acquisitions pose risks.

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

More about Diversified Energy Company

Diversified Energy Company PLC is a prominent publicly traded energy company specializing in the production, transport, marketing, and well retirement of natural gas and liquids. The company focuses on acquiring long-life assets, enhancing their environmental and operational performance, and retiring them safely. Diversified is recognized for its sustainability leadership and aims to responsibly produce energy while delivering reliable cash flow and shareholder value.

Average Trading Volume: 191,269

Technical Sentiment Signal: Buy

Current Market Cap: £855.3M

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