Diversified Energy Company ( (GB:DEC) ) has provided an announcement.
Diversified Energy Company PLC announced the purchase of 5,000 of its own ordinary shares as part of its share buyback program, with plans to cancel these shares. This transaction, executed at a volume-weighted average price of 1,070 pence per share, will reduce the total number of shares in issue to 80,800,961. This move is part of the company’s ongoing efforts 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 focusing 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 and investing in long-life assets to improve environmental and operational performance, ultimately retiring them safely and securely.
YTD Price Performance: -18.62%
Average Trading Volume: 173,355
Technical Sentiment Signal: Buy
Current Market Cap: £856.3M
For an in-depth examination of DEC stock, go to TipRanks’ Stock Analysis page.