Diversified Energy (NYSE:DEC) Shares Down 4.3% – What’s Next?

by · The Markets Daily

Shares of Diversified Energy Company PLC (NYSE:DECGet Free Report) dropped 4.3% during mid-day trading on Friday . The stock traded as low as $13.52 and last traded at $13.5450. Approximately 204,288 shares changed hands during trading, a decline of 64% from the average daily volume of 565,144 shares. The stock had previously closed at $14.15.

Analyst Ratings Changes

Several brokerages recently commented on DEC. Citigroup increased their price objective 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. Johnson Rice upgraded Diversified Energy from an “accumulate” rating to a “buy” rating and increased their target price for the company from $19.00 to $23.00 in a research note on Friday, December 5th. Wall Street Zen cut Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Mizuho increased their price objective on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, William Blair initiated coverage on Diversified Energy in a report on Tuesday, November 18th. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Check Out Our Latest Report on DEC

Diversified Energy Stock Down 5.8%

The business’s fifty day moving average is $14.45 and its 200-day moving average is $14.52. The company has a market cap of $642.77 million, a PE ratio of 9.07 and a beta of 0.50.

Diversified Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.7%. Diversified Energy’s payout ratio is 55.10%.

Hedge Funds Weigh In On Diversified Energy

A number of hedge funds have recently made changes to their positions in DEC. Callan Family Office LLC boosted its stake in Diversified Energy by 5.8% in the 2nd quarter. Callan Family Office LLC now owns 15,639 shares of the company’s stock worth $229,000 after purchasing an additional 861 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Diversified Energy by 8.1% in the third quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock worth $161,000 after buying an additional 863 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Diversified Energy by 10.9% during the second quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after acquiring an additional 1,105 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Diversified Energy by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Diversified Energy by 5.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after acquiring an additional 1,249 shares during the last quarter. Institutional investors own 26.51% of the company’s stock.

About Diversified Energy

(Get Free Report)

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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