Diversified Energy (NYSE:DEC) Stock Price Up 5.4% – Here’s Why

Diversified Energy Company PLC (NYSE:DEC)’s share price shot up 5.4% on Thursday . The stock traded as high as $14.33 and last traded at $14.30. Approximately 1,192,384 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 1,270,049 shares. The stock had previously closed at $13.57.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings lowered shares of Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Diversified Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Truist Financial cut their price target on Diversified Energy from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Stephens assumed coverage on Diversified Energy in a research report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 price target on the stock. Finally, Citigroup raised their price objective on Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $21.83.

Diversified Energy Trading Up 5.4%

The firm has a market capitalization of $1.03 billion, a P/E ratio of 4.06 and a beta of -0.40. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.57. The firm has a 50-day moving average of $14.69 and a two-hundred day moving average of $14.52.

Diversified Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 28th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, August 28th. Diversified Energy’s dividend payout ratio is 32.95%.

Hedge Funds Weigh In On Diversified Energy

Hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its holdings in Diversified Energy by 1,595.2% in the third quarter. Quarry LP now owns 2,119 shares of the company’s stock valued at $30,000 after buying an additional 1,994 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Diversified Energy in the fourth quarter worth approximately $32,000. Ensign Peak Advisors Inc bought a new position in shares of Diversified Energy in the 4th quarter worth $35,000. Versant Capital Management Inc grew its holdings in shares of Diversified Energy by 197.0% during the second quarter. Versant Capital Management Inc now owns 4,909 shares of the company’s stock valued at $68,000 after buying an additional 3,256 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 3,666 shares during the last quarter. 26.51% of the stock is currently owned by institutional investors.

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.