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

Key Points

• Diversified Energy has received an upgrade from a "hold" to a "buy" rating by Wall Street Zen, with a current average rating of "Buy" and an average target price of $22.25.
• The company experienced a drop in stock price, trading down $0.20 to $14.29 on Friday, with a 52-week range between $10.08 and $17.70.
• Institutional investors have shown increased interest, with significant stakes added by firms like Ameriprise Financial and Goldman Sachs, resulting in 26.51% of the stock now being owned by institutional shareholders.

Diversified Energy (NYSE:DEC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Friday.

Other analysts have also issued research reports about the company. Mizuho dropped their price objective on Diversified Energy from $27.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Citigroup raised their price target on Diversified Energy from $16.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $22.25.

Diversified Energy Price Performance

Shares of DEC stock traded down $0.20 during trading on Friday, hitting $14.29. The company had a trading volume of 505,282 shares, compared to its average volume of 542,956. The company has a quick ratio of 0.40, a current ratio of 0.54 and a debt-to-equity ratio of 3.47. The stock's 50-day moving average is $15.19 and its two-hundred day moving average is $14.05. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.70.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. acquired a new stake in Diversified Energy during the second quarter worth about $53,894,000. Jupiter Asset Management Ltd. increased its stake in Diversified Energy by 1.2% during the second quarter. Jupiter Asset Management Ltd. now owns 2,926,886 shares of the company's stock worth $43,478,000 after acquiring an additional 34,406 shares during the last quarter. Vanguard Group Inc. increased its stake in Diversified Energy by 3.0% during the first quarter. Vanguard Group Inc. now owns 2,850,221 shares of the company's stock worth $38,663,000 after acquiring an additional 82,113 shares during the last quarter. Tejara Capital Ltd grew its stake in shares of Diversified Energy by 1,903.1% in the second quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company's stock valued at $27,951,000 after buying an additional 1,810,214 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in 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 purchasing an additional 760,428 shares in the last quarter. 26.51% of the stock is owned by institutional investors and hedge funds.

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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