Diversified Energy (NYSE:DEC) Raised to Strong-Buy at Zacks Research

Diversified Energy (NYSE:DEC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts have also issued reports about 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. Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Stephens assumed coverage on shares of Diversified Energy in a research report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 price target for the company. KeyCorp increased their price target on shares of Diversified Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Finally, Citigroup increased their price target on shares of Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Diversified Energy has an average rating of “Buy” and an average price target of $21.83.

Diversified Energy Stock Performance

DEC stock opened at $15.10 on Monday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.27 and a beta of -0.34. The firm has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $14.74. Diversified Energy has a one year low of $12.33 and a one year 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.

Hedge Funds Weigh In On Diversified Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP raised its position 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 valued at $30,000 after purchasing an additional 1,994 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Diversified Energy in the 4th quarter valued at approximately $32,000. Ensign Peak Advisors Inc purchased a new position in shares of Diversified Energy in the 4th quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its position 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 valued at $74,000 after purchasing an additional 3,666 shares during the last quarter. Finally, Guinness Asset Management LTD purchased a new position in shares of Diversified Energy in the 3rd quarter valued at approximately $106,000. 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.