Diversified Energy Company PLC (NYSE:DEC) Given Consensus Rating of “Buy” by Brokerages

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

Several equities research analysts have issued reports on DEC shares. Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Stephens started coverage on shares of Diversified Energy in a report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 price target on the stock. KeyCorp boosted their price target on shares of Diversified Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Zacks Research raised shares of Diversified Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Citigroup boosted their price target on shares of Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, March 17th.

Diversified Energy Trading Down 1.0%

Shares of Diversified Energy stock opened at $13.69 on Wednesday. The firm has a market capitalization of $990.21 million, a PE ratio of 3.89 and a beta of -0.46. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.47 and a quick ratio of 0.47. The company’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $14.71. Diversified Energy has a 52-week low of $12.33 and a 52-week high of $18.90.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Friday, August 28th. Diversified Energy’s payout ratio is currently 32.95%.

Institutional Investors Weigh In On Diversified Energy

Several institutional investors and hedge funds have recently made changes to their positions in DEC. Royal Bank of Canada boosted its stake in shares of Diversified Energy by 168.8% in the 1st quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock valued at $356,000 after purchasing an additional 16,556 shares in the last quarter. Amundi boosted its stake in shares of Diversified Energy by 4.1% in the 1st quarter. Amundi now owns 50,406 shares of the company’s stock valued at $654,000 after purchasing an additional 1,995 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Diversified Energy in the 1st quarter valued at $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Diversified Energy by 4.4% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Diversified Energy by 177.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock valued at $16,060,000 after purchasing an additional 760,428 shares in the last quarter. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.