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Diversified Energy Company ( (GB:DEC) ) has shared an update.
Diversified Energy Company PLC has executed a share buyback program, purchasing 88,875 ordinary shares at an average price of $13.9708 per share. The acquired shares will be canceled, reducing the total number of shares in issue to 77,121,820. 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 focused on the production, transport, marketing, and well retirement of natural gas and liquids. The company is recognized for its sustainability leadership and employs a strategy of acquiring existing long-life assets, investing in them to enhance environmental and operational performance, and retiring them safely and securely.
Average Trading Volume: 142,138
Technical Sentiment Signal: Sell
Current Market Cap: £804M
See more insights into DEC stock on TipRanks’ Stock Analysis page.