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

Diversified Energy Company PLC (NYSE:DEC) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.20.

A number of brokerages recently issued reports on DEC. Zacks Research upgraded Diversified Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Wall Street Zen downgraded shares of Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Citigroup raised their price objective on shares of Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Mizuho lifted their price objective on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Johnson Rice raised shares of Diversified Energy from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $23.00 in a research report on Friday, December 5th.

Insider Buying and Selling

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 7,501,585 shares of the company’s stock, valued at approximately $99,621,048.80. The trade was a 21.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DEC. Royal Bank of Canada grew its holdings in Diversified Energy by 168.8% during the first quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock worth $356,000 after buying an additional 16,556 shares in the last quarter. Amundi raised its position in Diversified Energy by 4.1% in the 1st quarter. Amundi now owns 50,406 shares of the company’s stock valued at $654,000 after buying an additional 1,995 shares during the last quarter. AQR Capital Management LLC bought a new position in Diversified Energy during the 1st quarter valued at $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Diversified Energy by 4.4% during the 1st 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, Goldman Sachs Group Inc. boosted its holdings in Diversified Energy by 177.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock worth $16,060,000 after acquiring an additional 760,428 shares during the last quarter. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Down 4.9%

DEC stock opened at $17.41 on Friday. The stock’s 50 day simple moving average is $14.25 and its 200 day simple moving average is $14.07. The company has a market cap of $1.26 billion, a P/E ratio of 11.84 and a beta of 0.46. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.60 and a current ratio of 0.60. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $18.90.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings data on Friday, February 6th. The company reported $2.28 EPS for the quarter. On average, research analysts expect that Diversified Energy will post 0.18 earnings per share for the current fiscal year.

Diversified Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 6.7%. Diversified Energy’s payout ratio is 78.91%.

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.