Shares of Diversified Energy Company PLC (NYSE:DEC – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.1667.
Several research firms have recently weighed in on DEC. Citigroup reduced their target price on Diversified Energy from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Weiss Ratings lowered Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. KeyCorp boosted their price objective on Diversified Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Stephens began coverage on shares of Diversified Energy in a research report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Diversified Energy from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd.
Get Our Latest Research Report on Diversified Energy
Institutional Trading of Diversified Energy
Diversified Energy Stock Performance
Shares of DEC stock opened at $13.05 on Thursday. 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 12 month low of $12.33 and a 12 month high of $18.90. The company has a market cap of $944.14 million, a P/E ratio of 3.71 and a beta of -0.40. The firm has a fifty day moving average price of $13.72 and a 200 day moving average price of $14.42.
Diversified Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.9%. Diversified Energy’s dividend payout ratio (DPR) is currently 32.95%.
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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