Diversified Energy Company PLC (NYSE:DEC – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.8333.
DEC has been the topic of several analyst reports. KeyCorp increased their price target on shares of Diversified Energy from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings cut Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Truist Financial reduced their target price on Diversified Energy from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Zacks Research lowered Diversified Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group raised Diversified Energy to a “hold” rating in a report on Friday.
Institutional Inflows and Outflows
Diversified Energy Price Performance
DEC stock traded down $0.34 during mid-day trading on Friday, hitting $13.35. The stock had a trading volume of 766,494 shares, compared to its average volume of 1,315,705. The firm has a fifty day simple moving average of $14.45 and a 200 day simple moving average of $14.51. The firm has a market capitalization of $965.11 million, a P/E ratio of 3.79 and a beta of -0.40. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.57. Diversified Energy has a 52 week low of $12.33 and a 52 week high of $18.90.
Diversified Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 28th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Friday, August 28th. Diversified Energy’s payout ratio is currently 32.95%.
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.
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