Diversified Energy (NYSE:DEC) Shares Up 4.1% – Here’s What Happened

Diversified Energy Company PLC (NYSE:DEC)’s stock price shot up 4.1% on Tuesday . The company traded as high as $14.44 and last traded at $14.4850. 134,444 shares traded hands during trading, a decline of 78% from the average session volume of 603,814 shares. The stock had previously closed at $13.91.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup decreased their target price on shares of Diversified Energy from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Wall Street Zen cut Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings raised Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. William Blair began coverage on Diversified Energy in a research note on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Zacks Research lowered shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Diversified Energy has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Diversified Energy Stock Performance

The stock’s 50-day moving average price is $13.45 and its 200-day moving average price is $14.09. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.91 and a beta of 0.46. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.60 and a current ratio of 0.60.

Diversified Energy (NYSE:DEC) last released its quarterly earnings data on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. As a group, equities research analysts expect that Diversified Energy Company PLC will post 0.18 earnings per share for the current year.

Diversified Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, May 29th. Diversified Energy’s dividend payout ratio is presently 78.91%.

Insider Transactions at Diversified Energy

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.28, for a total value of $27,888,000.00. Following the sale, the director owned 7,501,585 shares of the company’s stock, valued at $99,621,048.80. This represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Diversified Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Diversified Energy by 168.8% during the first quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock worth $356,000 after buying an additional 16,556 shares in the last quarter. Amundi increased its position in Diversified Energy by 4.1% during the 1st quarter. Amundi now owns 50,406 shares of the company’s stock worth $654,000 after purchasing an additional 1,995 shares in the last quarter. AQR Capital Management LLC acquired a new position in Diversified Energy in the 1st quarter valued at about $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Diversified Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Diversified Energy by 177.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock worth $16,060,000 after purchasing an additional 760,428 shares during the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

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.