Citigroup Issues Pessimistic Forecast for Diversified Energy (NYSE:DEC) Stock Price

Diversified Energy (NYSE:DEC) had its price objective lowered by stock analysts at Citigroup from $17.00 to $15.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 17.43% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. 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 report on Friday, December 5th. William Blair started coverage on shares of Diversified Energy in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded Diversified Energy from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Zacks Research downgraded Diversified Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Diversified Energy in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.50.

Diversified Energy Trading Down 2.9%

NYSE:DEC opened at $12.77 on Wednesday. The stock’s 50-day moving average is $13.87 and its 200-day moving average is $14.28. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.24. The stock has a market cap of $615.96 million, a P/E ratio of 8.69 and a beta of 0.51.

Insider Buying and Selling

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the 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 directly owned 7,501,585 shares in the company, valued at approximately $99,621,048.80. This trade represents a 21.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its holdings in Diversified Energy by 273.1% in the second quarter. CWM LLC now owns 1,787 shares of the company’s stock worth $26,000 after purchasing an additional 1,308 shares in the last quarter. Quarry LP grew its position in shares of Diversified Energy by 1,595.2% during the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after buying an additional 1,994 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Diversified Energy in the 3rd quarter valued at $47,000. Allworth Financial LP lifted its position in shares of Diversified Energy by 10,143.9% during the 2nd quarter. Allworth Financial LP now owns 4,200 shares of the company’s stock valued at $62,000 after acquiring an additional 4,159 shares during the period. Finally, 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 valued at $74,000 after acquiring an additional 3,666 shares during the period. 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.