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

Shares of Diversified Energy Company PLC (NYSE:DEC) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $21.8333.

A number of research analysts have recently weighed in on DEC shares. Wall Street Zen cut shares of Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Citigroup lifted their target price on shares of Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. KeyCorp lifted their target price on shares of Diversified Energy from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Stephens initiated coverage on shares of Diversified Energy in a research note on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 target price for the company. Finally, Weiss Ratings cut shares of Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th.

Diversified Energy Trading Down 2.3%

Shares of DEC opened at $16.40 on Friday. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $14.68. Diversified Energy has a 1-year low of $12.33 and a 1-year high of $18.90. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 11.15 and a beta of -0.34.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, August 28th. Diversified Energy’s payout ratio is presently 78.91%.

Institutional Trading of Diversified Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DEC. Quarry LP grew its stake in Diversified Energy by 1,595.2% in the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,994 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Diversified Energy in the 4th quarter valued at $32,000. Ensign Peak Advisors Inc acquired a new position in shares of Diversified Energy in the 4th quarter valued at $35,000. State of Alaska Department of Revenue acquired a new position in shares of Diversified Energy in the 3rd quarter valued at $47,000. 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 valued at $74,000 after purchasing an additional 3,666 shares during the last quarter. 26.51% of the stock is owned by hedge funds and other institutional investors.

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.