Equities research analysts at Citigroup assumed coverage on shares of Diversified Energy (NYSE:DEC - Get Free Report) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $16.00 price target on the stock. Citigroup's target price would suggest a potential upside of 22.79% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. KeyCorp cut their price objective on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Truist Financial upped their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Mizuho started coverage on shares of Diversified Energy in a report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price objective on the stock.
Get Our Latest Stock Analysis on DEC
Diversified Energy Stock Performance
DEC stock traded up $0.42 during midday trading on Tuesday, hitting $13.03. 253,322 shares of the company's stock were exchanged, compared to its average volume of 359,444. Diversified Energy has a one year low of $10.08 and a one year high of $17.70. The stock's fifty day moving average price is $12.34 and its 200-day moving average price is $14.21.
Institutional Trading of Diversified Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bailard Inc. bought a new position in Diversified Energy in the first quarter valued at $285,000. Summit X LLC acquired a new position in shares of Diversified Energy during the 1st quarter worth about $140,000. Mraz Amerine & Associates Inc. grew its holdings in shares of Diversified Energy by 16.6% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 132,341 shares of the company's stock valued at $1,779,000 after acquiring an additional 18,846 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of Diversified Energy by 15.8% in the first quarter. Artemis Investment Management LLP now owns 412,027 shares of the company's stock valued at $5,571,000 after acquiring an additional 56,117 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Diversified Energy by 11.7% in the fourth quarter. Mackenzie Financial Corp now owns 100,797 shares of the company's stock valued at $1,693,000 after acquiring an additional 10,594 shares during the last quarter. 26.51% of the stock is currently owned by institutional investors and hedge funds.
About Diversified Energy
(
Get Free Report)
Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.
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