Citigroup Increases Diversified Energy (NYSE:DEC) Price Target to $17.00

Diversified Energy (NYSE:DEC) had its price objective upped by stock analysts at Citigroup from $15.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 13.40% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Mizuho lifted their price target on shares of Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. William Blair began coverage on shares of Diversified Energy in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Johnson Rice raised Diversified Energy from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $23.00 in a research note on Friday, December 5th. Wall Street Zen lowered Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings upgraded Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Diversified Energy has an average rating of “Moderate Buy” and an average price target of $21.00.

Diversified Energy Stock Up 3.2%

Diversified Energy stock opened at $14.99 on Tuesday. The company’s 50 day simple moving average is $13.50 and its 200 day simple moving average is $13.98. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $16.85. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.20 and a beta of 0.46. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.60 and a quick ratio of 0.60.

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

Insider Activity at Diversified Energy

In related news, Director Randall S. Wade sold 2,100,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 7,501,585 shares of the company’s stock, valued at approximately $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 accessible through this link.

Institutional Trading of Diversified Energy

Several hedge funds and other institutional investors have recently modified their holdings of DEC. Quadrant Capital Group LLC boosted its position in shares of Diversified Energy by 8.1% during the third quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock worth $161,000 after buying an additional 863 shares during the period. ProShare Advisors LLC grew its holdings in shares of Diversified Energy by 10.9% during the second quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after buying an additional 1,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 buying an additional 1,170 shares during the last quarter. Callan Family Office LLC raised its position in Diversified Energy by 7.7% in the 3rd quarter. Callan Family Office LLC now owns 16,840 shares of the company’s stock valued at $236,000 after buying an additional 1,201 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake 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 acquiring an additional 1,249 shares in the last quarter. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.