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

Diversified Energy (NYSE:DEC) had its target price lifted by Mizuho from $23.00 to $27.00 in a report released on Tuesday morning, Marketbeat.com reports. Mizuho currently has an outperform rating on the stock.

DEC has been the subject of a number of other reports. Citigroup raised their price target on Diversified Energy from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Wall Street Zen raised Diversified Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Diversified Energy has an average rating of “Buy” and a consensus price target of $22.50.

Diversified Energy Price Performance

DEC opened at $15.56 on Tuesday. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $17.70. The business has a 50-day moving average of $15.14 and a 200-day moving average of $13.86. The company has a quick ratio of 0.40, a current ratio of 0.54 and a debt-to-equity ratio of 3.47.

Diversified Energy Dividend Announcement

The business 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, December 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DEC. Ameriprise Financial Inc. bought a new position in Diversified Energy in the 2nd quarter worth approximately $53,894,000. Tejara Capital Ltd increased its position in Diversified Energy by 1,903.1% in the 2nd quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company’s stock worth $27,951,000 after buying an additional 1,810,214 shares during the period. Goldman Sachs Group Inc. increased its position in Diversified Energy by 177.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock worth $16,060,000 after buying an additional 760,428 shares during the period. Cooper Creek Partners Management LLC bought a new position in Diversified Energy in the 2nd quarter worth approximately $9,084,000. Finally, Woodline Partners LP bought a new position in Diversified Energy in the 4th quarter worth approximately $6,274,000. 26.51% of the stock is owned by 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.