Diversified Energy Company ( (GB:DEC) ) has issued an announcement.
Diversified Energy Company PLC has executed a share buyback program, purchasing 7,000 ordinary shares at an average price of 1,035.14 pence per share. This move will result in the cancellation of the acquired shares, leaving the company with 80,874,837 shares in issue. This transaction is part of the company’s ongoing strategy to manage its capital structure and enhance shareholder value.
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 employs a strategy of acquiring long-life assets and enhancing their environmental and operational performance. Recognized for its sustainability leadership, Diversified Energy aims to responsibly produce energy, deliver reliable cash flow, and generate shareholder value.
YTD Price Performance: -21.36%
Average Trading Volume: 172,592
Technical Sentiment Signal: Buy
Current Market Cap: £832.1M
For an in-depth examination of DEC stock, go to TipRanks’ Stock Analysis page.