Diversified Energy Company PLC (NYSE:DEC - Get Free Report)'s share price was down 4.3% during mid-day trading on Thursday . The company traded as low as $14.18 and last traded at $14.20. Approximately 63,499 shares were traded during trading, a decline of 86% from the average daily volume of 450,997 shares. The stock had previously closed at $14.84.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on DEC shares. Citigroup started coverage on Diversified Energy in a report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price objective for the company. KeyCorp reduced their price target on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Wall Street Zen raised Diversified Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Mizuho started coverage on Diversified Energy in a research note on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.75.
View Our Latest Stock Report on Diversified Energy
Diversified Energy Price Performance
The company has a 50 day simple moving average of $13.01 and a 200 day simple moving average of $14.39.
Diversified Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date is Friday, August 29th.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in DEC. Signaturefd LLC increased its position in shares of Diversified Energy by 181.8% during the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company's stock worth $130,000 after purchasing an additional 5,008 shares during the last quarter. Federated Hermes Inc. bought a new stake in Diversified Energy in the first quarter valued at approximately $108,000. Summit X LLC acquired a new stake in Diversified Energy during the 1st quarter valued at $140,000. AQR Capital Management LLC bought a new stake in shares of Diversified Energy during the 1st quarter worth about $151,000. Finally, Trexquant Investment LP bought a new position in shares of Diversified Energy during the first quarter worth approximately $155,000. Institutional investors own 26.51% of the company's stock.
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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