DEC Outperforms Market: Key Facts for Investors to Consider Before Making a Move
Diversified Energy Company PLC (DEC) ended the recent trading session at $15.22, demonstrating a +2.35% change from the preceding day's closing price. The stock's performance outpaced the S&P 500's daily gain of 1.11%, as well as the Dow's 1.19% increase and the tech-heavy Nasdaq's 1.43% addition.
Investors in DEC are eagerly awaiting the company's upcoming financial results, which could provide insight into the health and profitability of the gas and oil production company. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.99 per share and revenue of $1.65 billion, representing changes of +2.05% and +89.86%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for DEC. Recent revisions tend to reflect the latest near-term business trends, and upbeat changes in estimates indicate analysts' favorable outlook on the business. Our research shows that these adjustments in estimates directly associate with imminent stock price performance, which is why we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits. Stocks with a Zacks Rank of #1 have delivered an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate for DEC has remained unchanged, and the company currently has a Zacks Rank of #5 (Strong Sell).
Looking at valuation, DEC is presently trading at a Forward P/E ratio of 7.47, which is a discount to its industry's average Forward P/E of 19.43. The Alternative Energy - Other industry is part of the Oils-Energy sector, which currently holds a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.
In summary, while DEC's stock has shown strong performance recently, investors should keep a close eye on the company's upcoming financial results and any changes in analyst estimates for the stock. You can find more information on these metrics and much more on Zacks.com.
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