Diversified Energy (NYSE:DEC) Given New $27.00 Price Target at Mizuho

Diversified Energy (NYSE:DEC) had its price target lifted by Mizuho from $23.00 to $27.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently issued reports on the stock. Citigroup upped their price target on shares of Diversified Energy from $16.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wall Street Zen raised shares of Diversified Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $22.50.

Diversified Energy Price Performance

Shares of DEC opened at $15.73 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.40 and a current ratio of 0.54. The firm’s 50-day moving average is $15.19 and its two-hundred day moving average is $13.89. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.16 annualized dividend and a dividend yield of 7.4%.

Hedge Funds Weigh In On Diversified Energy

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC lifted its stake in shares of Diversified Energy by 273.1% during the second quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after buying an additional 1,308 shares during the period. Allworth Financial LP lifted its stake in shares of Diversified Energy by 10,143.9% during the second quarter. Allworth Financial LP now owns 4,200 shares of the company’s stock valued at $62,000 after buying an additional 4,159 shares during the period. Oakworth Capital Inc. purchased a new position in shares of Diversified Energy during the second quarter valued at approximately $73,000. Tower Research Capital LLC TRC lifted its stake in shares of Diversified Energy by 261.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock valued at $74,000 after buying an additional 3,666 shares during the period. Finally, Federated Hermes Inc. purchased a new position in shares of Diversified Energy during the first quarter valued at approximately $108,000. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Diversified Energy Company Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.