The latest announcement is out from Diversified Energy Company ( (GB:DEC) ).
Diversified Energy Company PLC announced the purchase of 12,000 of its own ordinary shares as part of its share buyback program, with plans to cancel these shares. This move is expected to impact the company’s share capital structure, leaving 80,881,837 ordinary shares in issue. The buyback reflects the company’s ongoing efforts to manage its capital efficiently and potentially enhance shareholder value.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. 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, deliver reliable free cash flow, and generate shareholder value.
YTD Price Performance: -20.22%
Average Trading Volume: 174,001
Technical Sentiment Signal: Buy
Current Market Cap: £844.3M
See more data about DEC stock on TipRanks’ Stock Analysis page.