Diversified Energy Falls 1.6% as Major Indexes Also Slip

Diversified Energy Company shares closed at $13.57, down 1.6% in the latest trading session. The decline was steeper than losses in the S&P 500, Dow and Nasdaq, which fell 0.77%, 0.67% and 0.92%, respectively.

The stock has lost 6.51% over the past month, while the Oils-Energy sector gained 1.13% and the S&P 500 rose 0.96%. The company's upcoming earnings release is drawing attention, though no release date was provided.

Zacks consensus estimates call for full-year earnings of $2.82 per share and revenue of $1.98 billion. Those forecasts represent changes of -38.43% and +7.97%, respectively, from the preceding year.

Zacks said its consensus earnings-per-share estimate has risen 4.64% over the past 30 days. The shares have a forward price-to-earnings ratio of 4.89, compared with 17.61 for the company's industry, according to Zacks.