Diversified Energy Company PLC (NYSE:DEC) Receives Consensus Rating of “Hold” from Analysts

Diversified Energy Company PLC (NYSE:DEC) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.50.

A number of brokerages have recently issued reports on DEC. Zacks Research cut shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. William Blair initiated coverage on shares of Diversified Energy in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, January 21st. Citigroup decreased their price objective on Diversified Energy from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Mizuho upped their price objective on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, December 12th.

Insider Transactions at Diversified Energy

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of Diversified Energy stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the transaction, the director directly owned 7,501,585 shares of the company’s stock, valued at approximately $99,621,048.80. This trade represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Diversified Energy

Several large investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in Diversified Energy by 273.1% during the 2nd quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after purchasing an additional 1,308 shares during the last quarter. Quarry LP increased its holdings in shares of 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 buying an additional 1,994 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Diversified Energy in the third quarter valued at approximately $47,000. Allworth Financial LP boosted its holdings in shares of 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 acquiring an additional 4,159 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Diversified Energy by 261.3% in the 2nd 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. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Performance

Shares of NYSE DEC opened at $13.14 on Thursday. Diversified Energy has a one year low of $10.08 and a one year high of $17.24. The business has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $14.29.

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.