Truist Financial Issues Pessimistic Forecast for Diversified Energy (NYSE:DEC) Stock Price

Diversified Energy (NYSE:DEC) had its price target decreased by equities research analysts at Truist Financial from $22.00 to $20.00 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 19.53% from the company’s current price.

DEC has been the subject of several other research reports. KeyCorp raised their target price on Diversified Energy from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Citigroup raised their target price on Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Weiss Ratings raised Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Wall Street Zen cut Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Mizuho raised their target price on Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Diversified Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

Diversified Energy Price Performance

DEC stock opened at $16.73 on Thursday. The business has a fifty day moving average of $14.85 and a two-hundred day moving average of $14.20. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 11.38 and a beta of -0.23. Diversified Energy has a 52-week low of $10.65 and a 52-week high of $18.90.

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

Institutional Trading of Diversified Energy

A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in Diversified Energy by 8.1% during the 3rd 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diversified Energy by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock worth $377,000 after purchasing an additional 1,170 shares in the last quarter. Callan Family Office LLC increased its position in shares of Diversified Energy by 7.7% during the third 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Diversified Energy by 5.6% during the third 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 in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Diversified Energy by 7.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 19,333 shares of the company’s stock worth $280,000 after purchasing an additional 1,399 shares in the last quarter. 26.51% of the stock is owned by hedge funds and other institutional investors.

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.