Diversified Energy Company ( (GB:DEC) ) has shared an update.
Diversified Energy Company PLC has executed a share buyback program, purchasing 48,773 ordinary shares at a volume-weighted average price of 1,006.74 pence per share. The acquired shares will be cancelled, reducing the total number of ordinary shares in issue to 80,752,188. This move is part of the company’s strategy to manage its capital structure and potentially 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 acquires existing, long-life assets and invests in them to enhance environmental and operational performance, ultimately retiring these assets safely and securely. Diversified is recognized for its sustainability leadership and aims to responsibly produce energy while delivering reliable cash flow and shareholder value.
YTD Price Performance: -18.62%
Average Trading Volume: 173,355
Technical Sentiment Signal: Buy
Current Market Cap: £856.3M
For a thorough assessment of DEC stock, go to TipRanks’ Stock Analysis page.