Diversified Energy (NYSE:DEC – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Other research analysts also recently issued research reports about the company. KeyCorp lifted their price target on Diversified Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Stephens initiated coverage on Diversified Energy in a research report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 price objective for the company. Weiss Ratings cut Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Citigroup upped their target price on Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Finally, Truist Financial decreased their price target on shares of Diversified Energy from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Diversified Energy presently has an average rating of “Moderate Buy” and an average target price of $21.83.
Get Our Latest Stock Report on Diversified Energy
Diversified Energy Stock Up 0.1%
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Quarry LP lifted its position in shares of Diversified Energy by 1,595.2% in the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,994 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Diversified Energy in the fourth quarter valued at $32,000. Ensign Peak Advisors Inc bought a new position in Diversified Energy in the fourth quarter worth $35,000. Versant Capital Management Inc lifted its position in Diversified Energy by 197.0% in the second quarter. Versant Capital Management Inc now owns 4,909 shares of the company’s stock worth $68,000 after purchasing an additional 3,256 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Diversified Energy by 261.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock worth $74,000 after buying an additional 3,666 shares in the last quarter. Institutional investors and hedge funds own 26.51% of the company’s stock.
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.
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