We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why the Market Dipped But Diversified Energy Company PLC (DEC) Gained Today
Read MoreHide Full Article
Diversified Energy Company PLC (DEC - Free Report) ended the recent trading session at $14.06, demonstrating a +1.01% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.67% loss on the day. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 1%.
Heading into today, shares of the gas and oil production company had gained 12.8% over the past month, outpacing the Oils-Energy sector's gain of 3% and the S&P 500's gain of 10.65% in that time.
Market participants will be closely following the financial results of Diversified Energy Company PLC in its upcoming release.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.99 per share and a revenue of $1.65 billion, signifying shifts of +2.05% and +89.86%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Diversified Energy Company PLC. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 40.24% downward. Diversified Energy Company PLC currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Diversified Energy Company PLC is presently being traded at a Forward P/E ratio of 6.99. This represents a discount compared to its industry's average Forward P/E of 19.44.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 165, positioning it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Market Dipped But Diversified Energy Company PLC (DEC) Gained Today
Diversified Energy Company PLC (DEC - Free Report) ended the recent trading session at $14.06, demonstrating a +1.01% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.67% loss on the day. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 1%.
Heading into today, shares of the gas and oil production company had gained 12.8% over the past month, outpacing the Oils-Energy sector's gain of 3% and the S&P 500's gain of 10.65% in that time.
Market participants will be closely following the financial results of Diversified Energy Company PLC in its upcoming release.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.99 per share and a revenue of $1.65 billion, signifying shifts of +2.05% and +89.86%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Diversified Energy Company PLC. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 40.24% downward. Diversified Energy Company PLC currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Diversified Energy Company PLC is presently being traded at a Forward P/E ratio of 6.99. This represents a discount compared to its industry's average Forward P/E of 19.44.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 165, positioning it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.