Diversified Energy Company PLC (NYSE:DEC) Receives Average Rating of “Buy” from Brokerages

Diversified Energy Company PLC (NYSE:DEC) has been given an average recommendation of “Buy” by the nine analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.8333.

DEC has been the subject of several recent analyst reports. Zacks Research upgraded Diversified Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Weiss Ratings downgraded Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. KeyCorp increased their target price on Diversified Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Truist Financial decreased their target price 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. Finally, Citigroup increased their target price on Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th.

Institutional Trading of Diversified Energy

A number of hedge funds have recently modified their holdings of DEC. Quarry LP raised its holdings in shares of Diversified Energy by 1,595.2% in the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after buying an additional 1,994 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Diversified Energy in the 4th quarter worth approximately $32,000. Ensign Peak Advisors Inc acquired a new position in shares of Diversified Energy in the 4th quarter worth approximately $35,000. Tower Research Capital LLC TRC raised its holdings in shares of Diversified Energy by 261.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock worth $74,000 after buying an additional 3,666 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Diversified Energy in the 4th quarter worth approximately $111,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Performance

DEC opened at $13.84 on Wednesday. The company has a market cap of $1.00 billion, a PE ratio of 3.93 and a beta of -0.45. The stock has a 50-day moving average of $15.53 and a 200-day moving average of $14.70. Diversified Energy has a 52-week low of $12.33 and a 52-week high of $18.90. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.47 and a current ratio of 0.47.

Diversified Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, August 28th. This represents a $1.16 annualized dividend and a yield of 8.4%. Diversified Energy’s dividend payout ratio is presently 32.95%.

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.