Diversified Energy (NYSE:DEC) Upgraded to “Buy” at Wall Street Zen

Diversified Energy (NYSE:DEC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, January 21st. Johnson Rice upgraded Diversified Energy from an “accumulate” rating to a “buy” rating and increased their target price for the company from $19.00 to $23.00 in a report on Friday, December 5th. William Blair initiated coverage on Diversified Energy in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Citigroup upped their price objective on Diversified Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Mizuho increased 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. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.00.

Diversified Energy Price Performance

NYSE DEC opened at $13.39 on Friday. The business has a 50 day moving average price of $14.02 and a 200 day moving average price of $14.32. The company has a market capitalization of $645.67 million, a P/E ratio of 9.11 and a beta of 0.50. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.24.

Insider Activity

In other news, Director Randall S. Wade sold 2,100,000 shares of the business’s stock in a transaction dated 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 owned 7,501,585 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Callan Family Office LLC increased its position in shares of Diversified Energy by 5.8% in the second quarter. Callan Family Office LLC now owns 15,639 shares of the company’s stock worth $229,000 after acquiring an additional 861 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Diversified Energy by 8.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock valued at $161,000 after acquiring an additional 863 shares in the last quarter. ProShare Advisors LLC boosted its position in Diversified Energy by 10.9% during the 2nd quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after purchasing an additional 1,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Diversified Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Diversified Energy by 5.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after purchasing an additional 1,249 shares in the last quarter. 26.51% of the stock is owned by institutional investors and hedge funds.

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.