Diversified Energy (NYSE:DEC) Rating Lowered to Hold at Wall Street Zen

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

Other research analysts have also recently issued research reports about the company. William Blair began coverage on Diversified Energy in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Mizuho lifted their price objective on Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Johnson Rice upgraded shares of Diversified Energy from an “accumulate” rating to a “buy” rating and upped their target price for the company from $19.00 to $23.00 in a research note on Friday, December 5th. Citigroup dropped their price target on shares of Diversified Energy from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Finally, Zacks Research cut shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Diversified Energy currently has an average rating of “Hold” and an average price target of $20.50.

Diversified Energy Trading Up 0.5%

NYSE:DEC opened at $13.23 on Friday. The company’s 50 day moving average price is $13.65 and its 200-day moving average price is $14.22. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.03.

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

Insider Activity at Diversified Energy

In other news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $13.28, for a total value of $27,888,000.00. Following the transaction, the director owned 7,501,585 shares in the company, valued at $99,621,048.80. This represents a 21.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Diversified Energy

Several large investors have recently added to or reduced their stakes in the business. EIG Asset Management LLC purchased a new position in shares of Diversified Energy during the 4th quarter worth $139,031,000. Ameriprise Financial Inc. bought a new position in Diversified Energy in the 2nd quarter worth $53,894,000. Jupiter Asset Management Ltd. purchased a new position in Diversified Energy during the fourth quarter valued at $46,334,000. Tejara Capital Ltd lifted its position in Diversified Energy by 1,903.1% during the second quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company’s stock valued at $27,951,000 after purchasing an additional 1,810,214 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in Diversified Energy by 114.2% during the fourth quarter. Artemis Investment Management LLP now owns 2,595,577 shares of the company’s stock valued at $37,555,000 after purchasing an additional 1,384,073 shares during the period. 26.51% of the stock is currently owned by institutional investors.

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.