Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Diversified Energy Company ( (DEC) ) is now available.
Diversified Energy Company has repurchased 225,000 shares of its common stock at a volume-weighted average price of $13.64 per share under its previously announced share buyback program, with the shares to be cancelled. Following this cancellation, the company will have 78,046,880 shares in issue and no treasury shares, a change that affects the share count used by investors to calculate regulatory disclosure thresholds and may be viewed as a signal of capital return and confidence in the company’s valuation.
More about Diversified Energy Company
Diversified Energy Company is a publicly traded energy company focused on acquiring, operating, and optimizing cash-generating, long-life energy assets. The company’s strategy centers on improving the environmental and operational performance of these assets over their life cycle and ultimately retiring them in a safe and environmentally secure manner, with an emphasis on sustainability, reliable free cash flow generation, and creating shareholder value.
See more insights into DEC stock on TipRanks’ Stock Analysis page.