Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Gas & Oil Plc LSE:DGOC London Ordinary Share GB00BYX7JT74 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.79% 128.00 1,576,495 16:35:10
Bid Price Offer Price High Price Low Price Open Price
126.80 127.00 128.60 125.60 126.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 348.56 99.15 11.31 11.8 906
Last Trade Time Trade Type Trade Size Trade Price Currency
17:20:11 O 20,000 128.00 GBX

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Date Time Title Posts
04/3/202111:34Diversified Gas & Oil - High Dividend Yield445
27/1/202117:48Diversified Gas & Oil1,831
14/8/202015:53DGOC - Webinar-
20/2/202011:40Diversified Gas & Oil (DGOC) One to Watch 1
05/1/202000:28DGOC Edison Analysis1

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Diversified Gas & Oil Daily Update: Diversified Gas & Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DGOC. The last closing price for Diversified Gas & Oil was 127p.
Diversified Gas & Oil Plc has a 4 week average price of 117p and a 12 week average price of 108.40p.
The 1 year high share price is 131p while the 1 year low share price is currently 55.20p.
There are currently 707,524,818 shares in issue and the average daily traded volume is 2,694,835 shares. The market capitalisation of Diversified Gas & Oil Plc is £905,631,767.04.
simplemilltownboy: Some large trades going through today. Wonder why the share price has risen? Can't be the spot price.
lord gnome: Simple cure for our high yield - double the share price. Which would be nice.
scrwal: DGOC is probably classed as a foreign company - its HQ is Birmingham , Alabama and only has shares quoted on the FT250. So long as no share register is maintained in the UK no stamp duty should be payable. Technically you don't need to have a W-8BEN to buy any shares as it is only a form to deal with withholding tax. Brokers insist one is filled out to buy US shares as this is the easiest way to get holders to sign the form so that the tax situation is set up from the start. Shares like DGOC fall outside this remit so brokers seem to do their own thing.
simplemilltownboy: Thanks pro, nothing new with the exception of increasing the market capitalisation and moving to a US listing. Looking forward to some new bolt-ons and next weeks divi. The drop in the pound due to brexit should help a little with the share price the price of HH has unfortunately dropped from its highs although expecting that to reverse in the coming months, whilst most of our gas is hedged the share price does have a loose correlation with HH. GLA.
lord gnome: If the share price rise due to market conditions outweighs the dividend drop then that can and does happen. Can't see it happening today, but I hope to be pleasantly surprised. Share price usually recovers pretty smartly after ex-div day so I won't be losing any sleep.
timchecco: I’ve been invested in DGOC for 4-5 months now. Started a postion at 108 and lowered it to 106. Have been following the company closely ever since. I have not seen many people who dislike the company or people who have funded reasons to believe DGOC will not do well in the (near) future. I think that the most probable reason for not showing a big increase of shareprice is: - not well known (yet) - US company listed in London - renewables are coming and are preferred - no understanding of business model DGOC - high dividend means less increase stock price Although we have seen some significant news this year and DGOC is rocking it, the share price increase is lacking. Rusty said it himself: share price is below what it should be. Analysts say it’s worth 150p now. I know it can turn positive very quickly, but the question is: when? What’s your thought?
simplemilltownboy: Timchecco, I agree it's disappointing, however the share price has drifted with HH prices. If the price of oil stays around the current price, associated gas will reduce and HH prices will increase and DGO's share price will again move forward. Unfortunately HH is again below 2 dollars, so it's a waiting game.
pro_s2009: First Berlin Equity Research has published a research update on Diversified Gas & Oil PLC (ISIN: GB00BYX7JT74). Analyst Simon Scholes confirms his BUY recommendation and increases the price target from GBp 130.00 to GBp 150.00. Summary: Following the H1 results, we have revised our dividend discount valuation of DGOC shares to include both a higher dividend in the second quarter of USD0.0375 (FBe: USD0.035) than forecast and rising gas futures prices since ours Cover recording at the end of June. Based on a futures curve rising for the remainder of this decade and DGOC's existing hedge portfolio, we expect the company's realized natural gas prices (after the impact of cash-settled derivatives) to be in the USD2 range over the next five years .34 / mcf to USD2.57 / mcf will remain stable. This compares to our 2020 forecast of USD 2.30 / mcf. The full cash cost for H1 / 20 (after operating costs, investments, costs for closing wells and cash interest) was USD 1.36 / mcf. This indicates a free cash flow return on sales of at least 42% to 47% over the next five years (economies of scale should lower unit costs as the company expands). DGOC should therefore have enough firepower to continue the regular acquisitions that have secured over 95% of its current production since early 2017. The goal of DGOC is that no less than 40% of the adjusted free cash flow, defined as adjusted EBITDA (hedged) minus maintenance investments, interest expenses and costs for the decommissioning of wells, should be paid out as dividends. According to our forecasts, the payout ratio based on the current dividend level will be 43% this year and 44% in 2021. We therefore consider the current dividend to be sustainable. The combination of a dividend yield of over 10% and strong and stable cash generation confirms our view that the stock is significantly undervalued. In addition, the current market capitalization justifies the inclusion of DGOC in the FTSE 250 index. New index members will be announced after the market closes on September 2nd with effect from September 21st. Our recommendation is to buy with a price target of £ 1.50 (previously: £ 1.30). You can download the full analysis here: .
simplemilltownboy: Another off topic share is caml, they suspended dividends earlier this year and the share price was hammered with both the suspension and price of copper, zinc and lead. All 3. Metals have recovered above pre COVID prices. The share price is still lower then pre COVID, it's guidance on production is unchanged and its interims are due in 3 weeks where it is expected to reinstate the divi. Debt is low and will be paid off in a year. DYOR but worth a look on a BH if you have the time. GLA. Apologises if people think I'm ramping.
pro_s2009: Definitely agree with the Shares Mag summary, but look further ahead. DGOC is conventional. The big rundown of unconventional shale oil (and the associated produced shale gas) is going to seriously re-rate the gas price. Gas currently is perhaps one third of the price it should be, so there is ahead the likely potential of a tripling of the gas price. If you take a 3 year view to your DGOC holding, one should expect a very healthy dividend every year and potentially a 200% share price rise in the process. Makes it very attractive imo.
Diversified Gas & Oil share price data is direct from the London Stock Exchange
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