Diversified Energy Company PLC (NYSE:DEC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Diversified Energy has a “Moderate Buy” consensus rating from 10 brokerages, with seven buy ratings and three holds. The average 12-month price target is $22.50, compared with the stock’s reported price of $14.69.
• The company missed quarterly expectations, reporting a $0.29 loss per share versus analysts’ forecast of $0.20 in earnings and revenue of $442.3 million versus $493.0 million expected.
• Diversified Energy declared a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a 7.9% yield; institutional investors own 26.51% of the company.

Shares of Diversified Energy Company PLC (NYSE:DEC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.50.

Several research analysts recently commented on the company. Citigroup cut their price target on Diversified Energy from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, July 21st. Jefferies Financial Group upgraded shares of Diversified Energy to a "hold" rating in a research note on Friday, July 10th. Zacks Research downgraded shares of Diversified Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Mizuho set a $32.00 target price on shares of Diversified Energy in a research note on Monday, August 10th. Finally, Truist Financial increased their price target on shares of Diversified Energy from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Diversified Energy by 168.8% during the 1st quarter. Royal Bank of Canada now owns 26,366 shares of the company's stock valued at $356,000 after acquiring an additional 16,556 shares in the last quarter. Amundi boosted its holdings in Diversified Energy by 4.1% in the first quarter. Amundi now owns 50,406 shares of the company's stock worth $654,000 after purchasing an additional 1,995 shares during the period. AQR Capital Management LLC acquired a new position in Diversified Energy in the first quarter worth $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $377,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Diversified Energy by 177.9% during the first 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 during the last quarter. Institutional investors own 26.51% of the company's stock.

Diversified Energy Stock Performance

Shares of NYSE:DEC opened at $14.69 on Monday. The business's 50-day simple moving average is $13.55 and its 200 day simple moving average is $14.55. The company has a market cap of $1.04 billion, a P/E ratio of 4.55 and a beta of -0.38. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.57 and a current ratio of 0.57. Diversified Energy has a one year low of $12.33 and a one year high of $18.90.

Diversified Energy (NYSE:DEC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.49). The firm had revenue of $442.30 million for the quarter, compared to the consensus estimate of $492.98 million. On average, sell-side analysts forecast that Diversified Energy will post 2.7 earnings per share for the current fiscal year.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.16 annualized dividend and a yield of 7.9%. Diversified Energy's dividend payout ratio is presently 35.91%.

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.

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