Diversified Energy (NYSE:DEC) Rating Increased to Strong-Buy at Truist Financial

Diversified Energy (NYSE:DEC) was upgraded by equities researchers at Truist Financial to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other brokerages also recently commented on DEC. Zacks Research downgraded Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Johnson Rice raised Diversified Energy from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $19.00 to $23.00 in a research note on Friday, December 5th. Weiss Ratings upgraded Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Mizuho raised their price objective on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Diversified Energy presently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Diversified Energy Stock Performance

Shares of DEC stock opened at $16.65 on Monday. The firm has a 50 day moving average of $13.73 and a 200-day moving average of $13.98. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 11.32 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.22.

Diversified Energy (NYSE:DEC) last released its earnings results on Friday, February 6th. The company reported $2.28 earnings per share (EPS) for the quarter. On average, equities analysts forecast that Diversified Energy will post 0.18 earnings per share for the current year.

Insider Buying and Selling at Diversified Energy

In other news, Director Randall S. Wade sold 2,100,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was 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. The trade was a 21.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Diversified Energy

Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in Diversified Energy by 8.1% in the third quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock worth $161,000 after purchasing an additional 863 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diversified Energy by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after purchasing an additional 1,170 shares during the last quarter. Callan Family Office LLC raised its stake in shares of Diversified Energy by 7.7% during the 3rd quarter. Callan Family Office LLC now owns 16,840 shares of the company’s stock worth $236,000 after purchasing an additional 1,201 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Diversified Energy by 5.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock worth $330,000 after purchasing an additional 1,249 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Diversified Energy by 7.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 19,333 shares of the company’s stock worth $280,000 after buying an additional 1,399 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.