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Diversified Energy Company ( (GB:DEC) ) has provided an update.
Diversified Energy Company PLC has executed a share buyback program, purchasing 145,775 ordinary shares at an average price of $13.9415 per share through Mizuho Securities USA LLC. These shares will be canceled, reducing the total number of shares in circulation to 77,210,695. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:DEC) stock is a Hold with a £1103.00 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 is primarily influenced by the strong earnings call, which highlighted significant growth and strategic initiatives. However, the company’s financial performance remains weak due to high leverage and declining revenues. Technical analysis and valuation provide mixed signals, with bearish momentum and a negative P/E ratio offset by a high dividend yield.
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 the production, transport, marketing, and well retirement of natural gas and liquids. The company focuses on acquiring long-life assets and enhancing their environmental and operational performance, ultimately retiring them in a safe and environmentally secure manner. Diversified is recognized for its sustainability leadership and aims to produce energy responsibly while delivering reliable free cash flow and generating shareholder value.
Average Trading Volume: 142,623
Technical Sentiment Signal: Sell
Current Market Cap: £804M
See more insights into DEC stock on TipRanks’ Stock Analysis page.