Diversified Energy Company PLC (DEC) closed the latest trading day at $16.93, indicating a +1.8% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.41%.
Coming into today, shares of the gas and oil production company had lost 0.3% in the past month. In that same time, the Oils-Energy sector lost 1.15%, while the S&P 500 gained 4.88%.
The investment community will be paying close attention to the earnings performance of Diversified Energy Company PLC in its upcoming release. Our most recent consensus estimate is calling for quarterly revenue of $279 million, down 67.87% from the year-ago period.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Diversified Energy Company PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 38.58% downward. Diversified Energy Company PLC is currently a Zacks Rank #5 (Strong Sell).
Looking at valuation, Diversified Energy Company PLC is presently trading at a Forward P/E ratio of 21.32. This signifies a premium in comparison to the average Forward P/E of 18.79 for its industry.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Diversified Energy Company PLC (DEC) : Free Stock Analysis Report
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