Analysts Set Diversified Energy Company PLC (NYSE:DEC) Target Price at $21.75

Shares of Diversified Energy Company PLC (NYSE:DEC) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.75.

Several research analysts recently issued reports on DEC shares. Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Citigroup upped their price objective on Diversified Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Diversified Energy in a research report on Wednesday, October 8th. Mizuho decreased their price target on Diversified Energy from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Finally, William Blair started coverage on Diversified Energy in a research note on Tuesday, November 18th. They set an “outperform” rating for the company.

Institutional Trading of Diversified Energy

Several large investors have recently added to or reduced their stakes in the company. Pentwater Capital Management LP bought a new position in shares of Diversified Energy in the first quarter worth about $3,245,000. Walleye Capital LLC grew its stake in shares of Diversified Energy by 1,164.0% during the first quarter. Walleye Capital LLC now owns 167,984 shares of the company’s stock valued at $2,271,000 after purchasing an additional 154,694 shares during the last quarter. State of Wyoming acquired a new stake in shares of Diversified Energy in the first quarter valued at approximately $266,000. Russell Investments Group Ltd. raised its position in Diversified Energy by 53.3% in the 1st quarter. Russell Investments Group Ltd. now owns 77,403 shares of the company’s stock worth $1,046,000 after purchasing an additional 26,899 shares during the last quarter. Finally, Penn Capital Management Company LLC bought a new position in Diversified Energy in the 1st quarter worth approximately $805,000. 26.51% of the stock is owned by institutional investors.

Diversified Energy Stock Performance

Shares of DEC stock opened at $14.71 on Friday. The firm has a fifty day moving average of $13.77 and a 200-day moving average of $14.45. The stock has a market cap of $709.41 million, a price-to-earnings ratio of 10.01 and a beta of 0.62. Diversified Energy has a 52-week low of $10.08 and a 52-week high of $17.70.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, February 27th. Diversified Energy’s dividend payout ratio (DPR) is currently 55.10%.

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.