Diversified Energy (NYSE:DEC) Stock Rating Lowered by Wall Street Zen

Key Points

• Diversified Energy was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a change in analysts' outlook on the stock.
• Citi raised the company's price target from $16.00 to $19.00 while maintaining a "buy" rating, amidst contrasting opinions from other analysts.
• Diversified Energy's current stock consensus rating is "Moderate Buy" with a target price of $22.25, despite ongoing fluctuations in institutional investments.

Diversified Energy (NYSE:DEC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts also recently issued reports on the company. Citigroup raised their price objective on Diversified Energy from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Mizuho lowered their price target on shares of Diversified Energy from $27.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Diversified Energy in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Diversified Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.25.

Diversified Energy Stock Up 0.8%

Shares of NYSE:DEC opened at $12.59 on Friday. Diversified Energy has a 12-month low of $10.08 and a 12-month high of $17.70. The business has a fifty day simple moving average of $14.76 and a 200 day simple moving average of $14.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC increased its stake in Diversified Energy by 273.1% in the second quarter. CWM LLC now owns 1,787 shares of the company's stock valued at $26,000 after purchasing an additional 1,308 shares in the last quarter. Allworth Financial LP grew its stake in shares of Diversified Energy by 10,143.9% in the 2nd quarter. Allworth Financial LP now owns 4,200 shares of the company's stock valued at $62,000 after buying an additional 4,159 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Diversified Energy in the 2nd quarter valued at about $73,000. Tower Research Capital LLC TRC increased its position in Diversified Energy by 261.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company's stock valued at $74,000 after buying an additional 3,666 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in Diversified Energy during the 1st quarter worth approximately $108,000. 26.51% of the stock is owned by institutional investors.

About Diversified Energy

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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