Diversified Energy Company PLC (NYSE:DEC) Receives $21.20 Average Target Price from Analysts

Shares of Diversified Energy Company PLC (NYSE:DEC) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $21.20.

A number of research analysts recently commented on DEC shares. Mizuho upped their target price on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings upgraded shares of Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Citigroup boosted their price target on shares of Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Truist Financial started coverage on shares of Diversified Energy in a report on Tuesday, March 24th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th.

Insiders Place Their Bets

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of Diversified Energy stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the transaction, the director directly owned 7,501,585 shares of the company’s stock, valued at approximately $99,621,048.80. This trade represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Diversified Energy

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in shares of Diversified Energy by 8.1% in the third quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock valued at $161,000 after purchasing an additional 863 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 buying an additional 1,170 shares during the last quarter. Callan Family Office LLC boosted its position in Diversified Energy by 7.7% in the 3rd quarter. Callan Family Office LLC now owns 16,840 shares of the company’s stock valued at $236,000 after buying an additional 1,201 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Diversified Energy by 5.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after buying an additional 1,249 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Diversified Energy by 7.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 19,333 shares of the company’s stock valued at $280,000 after buying an additional 1,399 shares during the period. 26.51% of the stock is owned by institutional investors.

Diversified Energy Price Performance

Shares of NYSE:DEC opened at $18.15 on Friday. The business has a 50 day moving average price of $14.04 and a 200 day moving average price of $14.03. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $18.30. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 12.35 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73.

Diversified Energy (NYSE:DEC) last released its earnings results on Friday, February 6th. The company reported $2.28 EPS for the quarter. Research analysts predict that Diversified Energy will post 0.18 earnings per share for the current year.

Diversified Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 6.4%. Diversified Energy’s dividend payout ratio (DPR) is currently 78.91%.

Diversified Energy Company Profile

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.