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

Diversified Energy (NYSE:DEC) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other equities research analysts have also weighed in on the stock. Citigroup started coverage on shares of Diversified Energy in a report on Tuesday, April 29th. They set a “buy” rating and a $16.00 price objective for the company. Mizuho started coverage on shares of Diversified Energy in a report on Thursday, April 10th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, KeyCorp decreased their price objective on shares of Diversified Energy from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.75.

Diversified Energy Stock Up 0.8%

DEC stock opened at $14.03 on Thursday. Diversified Energy has a 12 month low of $10.08 and a 12 month high of $17.70. The company has a 50-day moving average price of $12.71 and a 200 day moving average price of $14.40.

Institutional Investors Weigh In On Diversified Energy

Several large investors have recently modified their holdings of DEC. Federated Hermes Inc. bought a new stake in shares of Diversified Energy in the 1st quarter valued at about $108,000. Signaturefd LLC raised its holdings in shares of Diversified Energy by 181.8% in the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock valued at $130,000 after purchasing an additional 5,008 shares in the last quarter. Summit X LLC bought a new stake in shares of Diversified Energy in the 1st quarter valued at about $140,000. AQR Capital Management LLC bought a new stake in shares of Diversified Energy in the 1st quarter valued at about $151,000. Finally, Trexquant Investment LP bought a new stake in shares of Diversified Energy in the 1st quarter valued at about $155,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Company Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.