Diversified Energy (DEC) Projected to Post Quarterly Earnings on Monday

Diversified Energy (NYSE:DEC - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, June 16th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Diversified Energy Stock Performance

Shares of NYSE:DEC traded down $0.80 during trading on Thursday, hitting $14.04. The company's stock had a trading volume of 673,769 shares, compared to its average volume of 381,832. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $17.70. The business has a 50 day moving average price of $12.95 and a two-hundred day moving average price of $14.40.

Diversified Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 8.26%.

Analysts Set New Price Targets

DEC has been the topic of a number of recent research reports. Mizuho assumed coverage on shares of Diversified Energy in a research note on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price on the stock. Wall Street Zen raised shares of Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Citigroup began coverage on shares of Diversified Energy in a research report on Tuesday, April 29th. They set a "buy" rating and a $16.00 price objective for the company. Finally, KeyCorp lowered their target price on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Diversified Energy has a consensus rating of "Moderate Buy" and an average target price of $20.75.

Hedge Funds Weigh In On Diversified Energy

Several large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of Diversified Energy in the 1st quarter valued at about $646,000. Goldman Sachs Group Inc. lifted its stake in Diversified Energy by 177.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company's stock valued at $16,060,000 after buying an additional 760,428 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Diversified Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company's stock valued at $377,000 after acquiring an additional 1,170 shares during the period. AQR Capital Management LLC purchased a new position in shares of Diversified Energy during the first quarter worth approximately $151,000. Finally, Amundi grew its position in shares of Diversified Energy by 4.1% during the first quarter. Amundi now owns 50,406 shares of the company's stock worth $654,000 after acquiring an additional 1,995 shares during the last quarter. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Company Profile

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.