Zacks Research upgraded shares of Diversified Energy (NYSE:DEC – Free Report) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.
Several other equities research analysts have also recently weighed in on the company. Citigroup increased their price objective on Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Truist Financial reduced their price objective on Diversified Energy from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Wall Street Zen cut Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Stephens started coverage on Diversified Energy in a research report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 price objective for the company. Finally, Weiss Ratings cut Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $21.83.
Get Our Latest Stock Analysis on Diversified Energy
Diversified Energy Stock Down 2.5%
Diversified Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, August 28th. Diversified Energy’s dividend payout ratio is currently 78.91%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of DEC. Quarry LP raised its stake in Diversified Energy by 1,595.2% during the third quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,994 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Diversified Energy during the fourth quarter worth $32,000. Ensign Peak Advisors Inc acquired a new position in Diversified Energy during the fourth quarter worth $35,000. Tower Research Capital LLC TRC raised 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 acquiring an additional 3,666 shares in the last quarter. Finally, Guinness Asset Management LTD acquired a new position in Diversified Energy during the third quarter worth $106,000. 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.
Further Reading
- Five stocks we like better than Diversified Energy
- AI Can’t Reach the Real World Without These 3 Stocks
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
Receive News & Ratings for Diversified Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Energy and related companies with MarketBeat.com's FREE daily email newsletter.
