William Blair Initiates Coverage on Diversified Energy (NYSE:DEC)

William Blair assumed coverage on shares of Diversified Energy (NYSE:DEC) in a research note issued on Tuesday,Benzinga reports. The brokerage set an “outperform” rating on the stock.

Several other analysts have also commented on DEC. Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Citigroup increased their target price on Diversified Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Diversified Energy in a research report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on Diversified Energy from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Diversified Energy Trading Down 0.2%

Shares of NYSE DEC opened at $15.33 on Tuesday. The company’s 50-day moving average price is $13.83 and its 200 day moving average price is $14.37. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.70. The stock has a market cap of $739.02 million, a price-to-earnings ratio of 10.43 and a beta of 0.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DEC. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Diversified Energy in the first quarter valued at approximately $283,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Diversified Energy by 29.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,264 shares of the company’s stock valued at $232,000 after buying an additional 3,911 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Diversified Energy by 78.7% during the 1st quarter. Mackenzie Financial Corp now owns 180,138 shares of the company’s stock worth $2,430,000 after buying an additional 79,341 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Diversified Energy in the 1st quarter worth $108,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of Diversified Energy by 5.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,892,480 shares of the company’s stock worth $38,940,000 after buying an additional 141,691 shares during the period. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

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.