Diversified Energy Stock Plunges 22% YTD: Should You Buy the Dip?
DECDiversified Energy Company(DEC) ZACKS·2024-10-02 23:06

Diversified Energy Company Plc's (DEC) shares have lost 22.3% in the year-to-date period, underperforming the Zacks Alternative-Energy industry's surge of 38.9% and the broader Zacks Oils-Energy sector's growth of 2.3%. It has also lagged the S&P 500's return of 21.1%. The company has been grappling with the adverse impact of fluctuating commodity prices. Also, its unimpressive production volume posed an obstacle to its revenue growth. Image Source: Zacks Investment Research On the contrary, other industry ...