Diversified Energy Company PLC (DEC)
Is It Worth Investing in Diversified Energy Company PLC (DEC) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Diversified Energy Stock Plunges 22% YTD: Should You Buy the Dip?
One should refrain from investing in DEC right now, considering its dismal share price performance year to date. Those who own it may continue to do so.
New Strong Buy Stocks for September 3rd
MPW, DEC, IDR, EVLV and SBSI have been added to the Zacks Rank #1 (Strong Buy) List on September 3, 2024.
Best Value Stocks to Buy for September 3rd
DEC, PBAM and SBSI made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 3, 2024.
Best Income Stocks to Buy for September 3rd
MPW, DEC and MPLX made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 3, 2024.
Best Income Stocks to Buy for August 27th
DEC, FMNB and PCB made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 27, 2024.
New Strong Buy Stocks for August 27th
LYTS, PDS, STRL, MASI and DEC have been added to the Zacks Rank #1 (Strong Buy) List on August 27, 2024.
Diversified Energy (DEC) Acquires East Texas Assets Worth $69M
Diversified Energy (DEC) states that the acquisition of natural gas properties in east Texas should expand its presence in the region, resulting in increased operational scale and enhanced margins.
Diversified Energy Company expands East Texas footprint
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has further increased its footprint in East Texas, acquiring interests in a package of assets. The acquisition, priced at $68 million, will add 21 million cubic feet per day (4,000 barrels oil equivalent) of production and 70 billion cubic feet (12mln barrels oil equivalent) of Proved Developed Producing (PDP) reserves to Diversified's portfolio.
Diversified Energy Completes Crescent Pass Acquisition
BIRMINGHAM, AL / ACCESSWIRE / August 16, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") announces the closing of its acquisition of the of high-working interest, operated natural gas properties and related facilities located within eastern Texas (the "Assets") from Crescent Pass Energy (the "Seller") (the "Acquisition"). Acquisition Highlights Purchase price of $106 million before customary purchase price adjustments Acquisition net purchase price of $101 million after customary purchase price adjustments PDP reserves of ~170 Bcfe (~28 MMBoe) and a PDP PV10 of ~$155 million(a) Current net production of 38 MMcfepd (~6 Mboepd)(b) Estimated NTM Adjusted EBITDA of ~$26 million(c) Purchase price multiple of ~3.8x(c) As previously announced, the net consideration for the Acquisition consists of a combination of the issuance of 2,249,650 new US-dollar denominated ordinary shares to the Seller (the "New Shares") (subject to a customary commercial lock-up agreement), and cash consideration of $71 million, drawing from a senior secured bank facility supported by the acquired assets and existing liquidity.
Diversified Energy Announces Second Quarter Dividend
BIRMINGHAM, AL / ACCESSWIRE / August 15, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or "the Company") is pleased to announce that the Board has declared an interim dividend of 29 cents per share in respect of 2Q24 for the three month period ended June 30, 2024. Key dates related to this dividend include: Record Date: November 29, 2024 Payment Date: December 27, 2024 Default Currency: US Dollar Currency Election Option: Sterling Last Date for Currency Election: December 6, 2024 Diversified will pay the dividend in U.S. dollars while continuing to make available to shareholders a sterling election.
Diversified Energy Announces Timing of 2024 Interim (First Half) Results
BIRMINGHAM, AL / ACCESSWIRE / August 7, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") is pleased to announce that the Company plans to publish its Interim Results for the six months ended June 30, 2024 (the "Interim Results") on Thursday, August 15, 2024. The Company will host a conference call that day at 2:00 PM BST (9:00 AM EDT) to discuss the Interim Results and will make an audio replay of the event available shortly thereafter.
