Diversified Energy (NYSE:DEC – Free Report) had its price objective raised by Truist Financial from $17.00 to $20.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also commented on DEC. Citigroup dropped their price objective on Diversified Energy from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Mizuho set a $32.00 target price on Diversified Energy in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diversified Energy in a research report on Tuesday, August 4th. Jefferies Financial Group upgraded Diversified Energy to a “hold” rating in a report on Friday, July 10th. Finally, Zacks Research downgraded shares of Diversified Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Diversified Energy has an average rating of “Moderate Buy” and a consensus price target of $22.50.
Check Out Our Latest Research Report on Diversified Energy
Diversified Energy Stock Up 1.0%
Diversified Energy (NYSE:DEC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.49). The firm had revenue of $442.30 million for the quarter, compared to analyst estimates of $492.98 million. Equities analysts expect that Diversified Energy will post 2.83 earnings per share for the current year.
Diversified Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 2nd will be issued a $0.29 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.16 annualized dividend and a yield of 8.1%. Diversified Energy’s dividend payout ratio (DPR) is 35.91%.
Institutional Trading of Diversified Energy
Several hedge funds have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. acquired a new position in shares of Diversified Energy during the second quarter worth about $259,000. Versant Capital Management Inc grew its position in shares of Diversified Energy by 197.0% in the 2nd quarter. Versant Capital Management Inc now owns 4,909 shares of the company’s stock valued at $68,000 after acquiring an additional 3,256 shares during the period. Southern Financial Group LLC bought a new position in shares of Diversified Energy in the 1st quarter valued at about $212,000. Optiver Holding B.V. acquired a new position in shares of Diversified Energy during the 1st quarter worth about $414,000. Finally, Bank of America Corp DE raised its stake in Diversified Energy by 57.8% in the first quarter. Bank of America Corp DE now owns 304,613 shares of the company’s stock valued at $5,312,000 after buying an additional 111,625 shares during the period. 26.51% of the stock is currently owned by institutional investors and hedge funds.
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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