Diversified Energy (NYSE:DEC) Upgraded by Zacks Research to Hold Rating

Key Points

• Zacks Research upgraded Diversified Energy (NYSE:DEC) from a "strong sell" to a "hold", while the broader analyst mix leaves the stock with a Moderate Buy consensus and a $21.20 average price target.
• An insider transaction saw Director Randall S. Wade sell 2,100,000 shares on Jan. 9 for about $27.9 million, a 21.87% reduction in his position, as disclosed to the SEC.
• DEC trades near its 52‑week high (opened $17.74 vs high $17.87), has a market cap of roughly $1.35 billion and a P/E of 12.07; the company reported $2.28 EPS last quarter while analysts forecast about $0.18 EPS for the current fiscal year.

Diversified Energy (NYSE:DEC - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Diversified Energy from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings upgraded shares of Diversified Energy from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. Johnson Rice raised Diversified Energy from an "accumulate" rating to a "buy" rating and boosted their price target for the stock from $19.00 to $23.00 in a research report on Friday, December 5th. Mizuho raised their price objective on Diversified Energy from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Finally, Citigroup lifted their target price on Diversified Energy from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.20.

Diversified Energy Stock Up 2.1%

DEC stock opened at $17.74 on Wednesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $1.35 billion, a P/E ratio of 12.07 and a beta of 0.46. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $17.87. The business has a 50-day moving average of $13.92 and a 200-day moving average of $14.03.

Diversified Energy (NYSE:DEC - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. On average, sell-side analysts anticipate that Diversified Energy will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Diversified Energy

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the transaction, the director owned 7,501,585 shares in the company, valued at $99,621,048.80. This trade represents a 21.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Diversified Energy

Hedge funds have recently bought and sold shares of the business. Quarry LP boosted its holdings in Diversified Energy by 1,595.2% in the 3rd quarter. Quarry LP now owns 2,119 shares of the company's stock valued at $30,000 after purchasing an additional 1,994 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Diversified Energy during the fourth quarter worth approximately $32,000. Ensign Peak Advisors Inc bought a new position in Diversified Energy during the 4th quarter worth $35,000. State of Alaska Department of Revenue acquired a new position in Diversified Energy in the 3rd quarter valued at $47,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Diversified Energy by 261.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company's stock valued at $74,000 after acquiring an additional 3,666 shares during the period. 26.51% of the stock is owned by institutional investors.

Diversified Energy Company Profile

Diversified Energy Company PLC NYSE: DEC is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.

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