Diversified Energy Company PLC (DEC) closed the latest trading day at $14.15, indicating a -1.32% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.39%.
Shares of the gas and oil production company have appreciated by 15.55% over the course of the past month, outperforming the Oils-Energy sector's gain of 1.59% and the S&P 500's gain of 6.69%.
Analysts and investors alike will be keeping a close eye on the performance of Diversified Energy Company PLC in its upcoming earnings disclosure.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.99 per share and revenue of $1.65 billion, indicating changes of +2.05% and +89.86%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Diversified Energy Company PLC. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection has moved 40.24% lower. Diversified Energy Company PLC currently has a Zacks Rank of #3 (Hold).
Investors should also note Diversified Energy Company PLC's current valuation metrics, including its Forward P/E ratio of 7.21. This signifies a discount in comparison to the average Forward P/E of 19.25 for its industry.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 143, putting it in the bottom 43% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Diversified Energy Company PLC (DEC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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