Diversified Energy Company PLC (NYSE:DEC) Receives Consensus Rating of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Diversified Energy Company PLC (NYSE:DEC – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.20.

Several brokerages have weighed in on DEC. William Blair initiated coverage on Diversified Energy in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Johnson Rice upgraded shares of Diversified Energy from an “accumulate” rating to a “buy” rating and upped their price target for the company from $19.00 to $23.00 in a report on Friday, December 5th. Citigroup increased their price target on shares of Diversified Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Mizuho boosted their price objective on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, October 8th.

Get Our Latest Stock Analysis on Diversified Energy

Diversified Energy Trading Down 0.8%

NYSE DEC opened at $13.63 on Wednesday. The firm has a market cap of $662.59 million, a PE ratio of 9.27 and a beta of 0.48. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.70. The stock has a 50-day moving average of $14.00 and a 200-day moving average of $14.55.

Diversified Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.16 dividend on an annualized basis and a yield of 8.5%. Diversified Energy’s dividend payout ratio is presently 55.10%.

Hedge Funds Weigh In On Diversified Energy

Hedge funds have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of Diversified Energy by 273.1% during the second quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after acquiring an additional 1,308 shares in the last quarter. Quarry LP increased its position in Diversified Energy by 1,595.2% during the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock valued at $30,000 after purchasing an additional 1,994 shares during the period. State of Alaska Department of Revenue bought a new position in Diversified Energy in the 3rd quarter worth $47,000. Allworth Financial LP raised its holdings in Diversified Energy by 10,143.9% in the 2nd quarter. Allworth Financial LP now owns 4,200 shares of the company’s stock worth $62,000 after purchasing an additional 4,159 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in shares of Diversified Energy in the 2nd quarter worth about $73,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Diversified Energy Company Profile

(Get Free Report)

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.

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