The latest update is out from Diversified Energy Company ( (GB:DEC) ).
Diversified Energy Company PLC has executed a share buyback program, purchasing 12,000 ordinary shares at an average price of 1,043.48 pence per share. These shares will be canceled, reducing the total number of shares in issue to 80,973,155. This action is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The buyback reflects the company’s confidence in its financial position and commitment to returning value to shareholders.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company focused on the production, transport, and marketing of natural gas and liquids, as well as well retirement. The company employs a strategy of acquiring long-life assets and investing in them to enhance environmental and operational performance, ultimately retiring these assets safely and sustainably. Diversified is recognized for its sustainability leadership and aims to produce energy responsibly while delivering reliable cash flow and generating shareholder value.
YTD Price Performance: -21.06%
Average Trading Volume: 173,109
Technical Sentiment Signal: Buy
Current Market Cap: £836.4M
Learn more about DEC stock on TipRanks’ Stock Analysis page.