Bradley Grafton Gray Sells 250,000 Shares of Diversified Energy Company PLC (LON:DEC) Stock

Diversified Energy Company PLC (LON:DEC – Get Rating) insider Bradley Grafton Gray sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 96 ($1.19), for a total transaction of £240,000 ($298,507.46).

Diversified Energy Trading Down 1.8 %

Shares of DEC opened at GBX 95.50 ($1.19) on Wednesday. Diversified Energy Company PLC has a twelve month low of GBX 88.50 ($1.10) and a twelve month high of GBX 144 ($1.79). The company has a market cap of £927.70 million, a P/E ratio of -164.92, a P/E/G ratio of -0.32 and a beta of 0.01. The company has a current ratio of 0.31, a quick ratio of 0.37 and a debt-to-equity ratio of 156.36. The company’s fifty day simple moving average is GBX 93.37 and its 200-day simple moving average is GBX 107.24.

Diversified Energy Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.04 dividend. This represents a dividend yield of 3.75%. The ex-dividend date is Thursday, August 31st. Diversified Energy’s dividend payout ratio is currently -2,372.88%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 145 ($1.80) target price on shares of Diversified Energy in a research report on Wednesday, March 22nd.

About Diversified Energy

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Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.