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

Diversified Energy Company PLC (NYSE:DEC) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.00.

Several research firms have recently issued reports on DEC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, October 8th. Mizuho upped their price target on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Citigroup raised their price target on shares of Diversified Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen cut shares of Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, William Blair began coverage on Diversified Energy in a report on Tuesday, November 18th. They issued an “outperform” rating for the company.

Institutional Trading of Diversified Energy

Several institutional investors have recently added to or reduced their stakes in DEC. SG Americas Securities LLC bought a new position in Diversified Energy during the 4th quarter worth approximately $111,000. Tudor Investment Corp ET AL increased its position in shares of Diversified Energy by 30.5% during the third quarter. Tudor Investment Corp ET AL now owns 257,955 shares of the company’s stock worth $3,614,000 after buying an additional 60,283 shares during the period. Penn Capital Management Company LLC raised its stake in Diversified Energy by 107.2% during the third quarter. Penn Capital Management Company LLC now owns 91,912 shares of the company’s stock worth $1,288,000 after buying an additional 47,552 shares during the last quarter. Maven Securities LTD acquired a new position in Diversified Energy in the third quarter valued at $490,000. Finally, Woodline Partners LP bought a new stake in Diversified Energy during the third quarter valued at $1,051,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Stock Down 5.8%

Shares of DEC opened at $13.33 on Friday. Diversified Energy has a 12-month low of $10.08 and a 12-month high of $17.24. The business has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $14.50.

Diversified Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, February 27th. Diversified Energy’s dividend payout ratio (DPR) is 78.91%.

About Diversified Energy

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.