Diversified Energy Company PLC (NYSE:DEC) Receives Average Rating of “Moderate Buy” from Analysts

Diversified Energy Company PLC (NYSE:DEC) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.8333.

A number of analysts have commented on the company. Truist Financial decreased their target price on Diversified Energy from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Citigroup boosted their target price on Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Wall Street Zen downgraded Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research upgraded Diversified Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. Finally, Stephens started coverage on Diversified Energy in a research report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 price objective on the stock.

Institutional Trading of Diversified Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its position in shares of Diversified Energy by 1,595.2% in the third quarter. Quarry LP now owns 2,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,994 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Diversified Energy in the fourth quarter valued at $32,000. Ensign Peak Advisors Inc purchased a new stake in shares of Diversified Energy in the fourth quarter valued at $35,000. State of Alaska Department of Revenue purchased a new stake in shares of Diversified Energy in the third quarter valued at $47,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Diversified Energy by 261.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock valued at $74,000 after acquiring an additional 3,666 shares in the last quarter. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Energy Stock Down 0.5%

DEC opened at $16.06 on Friday. The business’s fifty day moving average is $15.93 and its two-hundred day moving average is $14.58. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.93 and a beta of -0.34. Diversified Energy has a one year low of $12.33 and a one year high of $18.90.

Diversified Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 28th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, August 28th. Diversified Energy’s dividend payout ratio is currently 78.91%.

About Diversified Energy

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.