TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Diversified Energy Company ( (GB:DEC) ) has provided an update.
Diversified Energy Company PLC has executed a share buyback program, purchasing 123,586 ordinary shares at an average price of $13.7521 per share. This move will reduce the total number of shares in circulation to 76,852,459, 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 £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 natural gas and liquids production, transport, marketing, and well retirement. The company is recognized for its sustainability leadership and employs a strategy of acquiring existing, long-life assets to enhance environmental and operational performance, ultimately retiring these assets safely and securely.
Average Trading Volume: 145,413
Technical Sentiment Signal: Sell
Current Market Cap: £780.2M
For detailed information about DEC stock, go to TipRanks’ Stock Analysis page.