Wall Street Zen Upgrades Diversified Energy (NYSE:DEC) to Buy

Diversified Energy (NYSE:DEC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also weighed in on DEC. William Blair initiated coverage on Diversified Energy in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Johnson Rice raised Diversified Energy from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $23.00 in a research note on Friday, December 5th. Mizuho upped their price target on Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Zacks Research cut Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Citigroup boosted their price objective on Diversified Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Diversified Energy Trading Up 1.9%

Shares of NYSE DEC opened at $13.39 on Friday. The stock has a market capitalization of $645.67 million, a PE ratio of 9.11 and a beta of 0.50. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.24. The stock has a fifty day simple moving average of $14.02 and a 200-day simple moving average of $14.32.

Insider Buying and Selling

In related news, Director Randall S. Wade sold 2,100,000 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $13.28, for a total value of $27,888,000.00. Following the transaction, the director owned 7,501,585 shares in the company, valued at $99,621,048.80. The trade was a 21.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Diversified Energy by 168.8% in the first quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock valued at $356,000 after buying an additional 16,556 shares in the last quarter. Amundi raised its position in Diversified Energy by 4.1% in the first quarter. Amundi now owns 50,406 shares of the company’s stock worth $654,000 after acquiring an additional 1,995 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Diversified Energy in the first quarter valued at $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Diversified Energy by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock worth $377,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew 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 period. 26.51% of the stock is currently owned by institutional investors and hedge funds.

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.