Diversified Energy Company PLC (DEC) closed the most recent trading day at $14.30, moving +2.07% from the previous trading session. This change outpaced the S&P 500's 1.03% gain on the day. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq gained 1.2%.
The gas and oil production company's stock has climbed by 6.95% in the past month, exceeding the Oils-Energy sector's gain of 4.23% and the S&P 500's gain of 5.27%.
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The investment community will be paying close attention to the earnings performance of Diversified Energy Company PLC in its upcoming release.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.99 per share and revenue of $1.65 billion, which would represent changes of +2.05% and +89.86%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Diversified Energy Company PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 42.15% lower. Diversified Energy Company PLC presently features a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Diversified Energy Company PLC is currently exchanging hands at a Forward P/E ratio of 7.04. This signifies a discount in comparison to the average Forward P/E of 19.77 for its industry.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 162, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Diversified Energy Company PLC (DEC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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