Diversified Energy (NYSE:DEC) Price Target Cut to $26.00 by Analysts at Mizuho

Diversified Energy (NYSE:DEC) had its target price trimmed by Mizuho from $27.00 to $26.00 in a report issued on Monday morning, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Citigroup boosted their price objective on shares of 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 upgraded shares of Diversified Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $22.25.

Diversified Energy Trading Down 0.7%

Shares of DEC opened at $15.21 on Monday. The company has a 50 day moving average price of $15.23 and a 200-day moving average price of $13.91. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $17.70. 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, December 1st. This represents a $1.16 dividend on an annualized basis and a yield of 7.6%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP increased its stake in Diversified Energy by 197.4% during the 4th quarter. Quantinno Capital Management LP now owns 43,815 shares of the company’s stock valued at $736,000 after purchasing an additional 29,084 shares in the last quarter. Artemis Investment Management LLP increased its stake in shares of Diversified Energy by 15.8% in the first quarter. Artemis Investment Management LLP now owns 412,027 shares of the company’s stock worth $5,571,000 after acquiring an additional 56,117 shares during the period. State of Wyoming acquired a new stake in shares of Diversified Energy in the first quarter worth $266,000. Walleye Capital LLC increased its stake in shares of Diversified Energy by 1,164.0% in the first quarter. Walleye Capital LLC now owns 167,984 shares of the company’s stock worth $2,271,000 after acquiring an additional 154,694 shares during the period. Finally, Pentwater Capital Management LP acquired a new stake in shares of Diversified Energy in the first quarter worth $3,245,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.