Diversified Energy Company PLC (NYSE:DEC - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $14.96, but opened at $14.63. Diversified Energy shares last traded at $14.66, with a volume of 40,668 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on DEC. Wall Street Zen raised Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Mizuho initiated coverage on Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price for the company. Citigroup assumed coverage on shares of Diversified Energy in a research note on Tuesday, April 29th. They set a "buy" rating and a $16.00 price objective on the stock. Finally, KeyCorp cut their price target on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.75.
Check Out Our Latest Analysis on DEC
Diversified Energy Stock Performance
The stock has a 50 day moving average price of $13.92 and a two-hundred day moving average price of $14.25. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.40 and a current ratio of 0.40.
Diversified Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend is Friday, August 29th.
Hedge Funds Weigh In On Diversified Energy
Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Diversified Energy during the first quarter valued at $646,000. Woodline Partners LP grew its stake in Diversified Energy by 82.2% during the first quarter. Woodline Partners LP now owns 680,580 shares of the company's stock worth $9,201,000 after purchasing an additional 307,133 shares during the period. Empowered Funds LLC lifted its stake in Diversified Energy by 95.8% in the first quarter. Empowered Funds LLC now owns 268,664 shares of the company's stock valued at $3,632,000 after buying an additional 131,444 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Diversified Energy by 177.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company's stock worth $16,060,000 after buying an additional 760,428 shares in the last quarter. Finally, Pentwater Capital Management LP acquired a new stake in shares of Diversified Energy during the 1st quarter worth approximately $3,245,000. 26.51% of the stock is currently owned by institutional investors.
Diversified Energy Company Profile
(
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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