DEC Stock Summary and Trading Ideas (Diversified Energy Company PLC | NYSE:DEC)

Diversified Energy Co PLC is an independent owner and operator of producing natural gas and oil wells concentrated in the Appalachian Basin. The company acquires and manages gas and oil properties and certain associated midstream assets. Its operations are located throughout the neighboring states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana.

Diversified Energy Company PLC trades on the NYSE stock market under the symbol DEC.

As of May 21, 2024, DEC stock price climbed to $14.41 with 136,432 million shares trading.

DEC has a beta of -0.82, meaning it tends to be less sensitive to market movements. DEC has a correlation of 0.04 to the broad based SPY ETF.

DEC has a market cap of $684.87 million. This is considered a Small Cap stock.

DEC support price is $13.80 and resistance is $14.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DEC stock will trade within this expected range on the day.