Diversified Energy Executes Share Buyback Program

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

Diversified Energy Company PLC has executed a share buyback program, purchasing 67,028 ordinary shares at an average price of $14.4939 each, which will be subsequently canceled. This move reduces the total number of shares in circulation to 78,408,328, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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.

Diversified Energy’s overall stock score reflects a mix of strengths and weaknesses. The company’s financial performance is weak due to high leverage and recent losses, but technical indicators and strategic corporate actions, including share buybacks and debt reduction, provide a more positive outlook. The high dividend yield also offers value to income investors, although valuation concerns remain due to the negative P/E ratio.

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

More about Diversified Energy Company

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

Average Trading Volume: 208,322

Technical Sentiment Signal: Buy

Current Market Cap: £816M

See more data about DEC stock on TipRanks’ Stock Analysis page.