Brokerages Set Diversified Energy Company PLC (NYSE:DEC) PT at $21.83

Diversified Energy Company PLC (NYSE:DEC) has received an average recommendation of “Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.8333.

Several equities analysts have recently commented on the stock. Stephens initiated coverage on shares of Diversified Energy in a research report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 target price for the company. Zacks Research upgraded shares of Diversified Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Truist Financial dropped their target price on shares of Diversified Energy from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut shares of Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th.

Institutional Trading of Diversified Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc bought a new stake in shares of Diversified Energy during the 4th quarter worth $13,901,000. Tudor Investment Corp ET AL lifted its position in shares of Diversified Energy by 30.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 257,955 shares of the company’s stock worth $3,614,000 after buying an additional 60,283 shares during the last quarter. Fortress Investment Group LLC bought a new stake in shares of Diversified Energy during the 3rd quarter worth $4,977,000. Artemis Investment Management LLP lifted its position in shares of Diversified Energy by 114.2% during the 4th quarter. Artemis Investment Management LLP now owns 2,595,577 shares of the company’s stock worth $37,555,000 after buying an additional 1,384,073 shares during the last quarter. Finally, Premier Fund Managers Ltd bought a new stake in shares of Diversified Energy during the 4th quarter worth $12,069,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Stock Performance

NYSE:DEC opened at $13.84 on Wednesday. The stock has a fifty day moving average price of $15.53 and a 200-day moving average price of $14.70. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 3.93 and a beta of -0.46. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.47 and a current ratio of 0.47. Diversified Energy has a fifty-two week low of $12.33 and a fifty-two week high of $18.90.

Diversified Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, August 28th. Diversified Energy’s dividend payout ratio is currently 32.95%.

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.