Diversified Energy (NYSE:DEC) Stock Price Down 4.5% – What’s Next?

Diversified Energy Company PLC (NYSE:DEC)’s stock price fell 4.5% on Thursday . The company traded as low as $13.79 and last traded at $13.7010. 425,511 shares were traded during mid-day trading, a decline of 53% from the average session volume of 902,548 shares. The stock had previously closed at $14.34.

Wall Street Analysts Forecast Growth

DEC has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of Diversified Energy in a research report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 price objective for the company. Zacks Research raised shares of Diversified Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Wall Street Zen cut Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. KeyCorp boosted their target price on Diversified Energy from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Truist Financial lowered their target price on Diversified Energy from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.83.

Diversified Energy Stock Down 4.2%

The stock has a market cap of $993.50 million, a price-to-earnings ratio of 3.89 and a beta of -0.46. 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’s 50-day moving average is $15.67 and its 200 day moving average is $14.71.

Diversified Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Friday, August 28th. Diversified Energy’s dividend payout ratio is 32.95%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DEC. Quarry LP boosted its stake 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 acquiring an additional 1,994 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Diversified Energy during the 4th quarter worth about $32,000. Ensign Peak Advisors Inc bought a new stake in Diversified Energy during the fourth quarter valued at about $35,000. Tower Research Capital LLC TRC lifted its position in shares of Diversified Energy by 261.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock worth $74,000 after purchasing an additional 3,666 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Diversified Energy during the 4th quarter valued at approximately $111,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.