Diversified Energy (NYSE:DEC) Raised to Hold at Wall Street Zen

Diversified Energy (NYSE:DEC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also recently issued reports on DEC. KeyCorp cut their price target on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Citigroup assumed coverage on Diversified Energy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target for the company. Finally, Mizuho began coverage on Diversified Energy in a research note on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.75.

Diversified Energy Trading Up 0.8%

Shares of DEC stock traded up $0.11 during trading on Thursday, hitting $14.03. The company had a trading volume of 281,274 shares, compared to its average volume of 371,855. The stock's 50-day moving average price is $12.71 and its 200 day moving average price is $14.41. Diversified Energy has a one year low of $10.08 and a one year high of $17.70.

Institutional Investors Weigh In On Diversified Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Diversified Energy by 181.8% during the fourth 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 position in shares of Diversified Energy in the 1st quarter valued at $108,000. Summit X LLC acquired a new stake in shares of Diversified Energy during the 1st quarter valued at $140,000. AQR Capital Management LLC acquired a new stake in shares of Diversified Energy during the 1st quarter valued at $151,000. Finally, Trexquant Investment LP bought a new stake in Diversified Energy during the 1st quarter worth $155,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Company Profile

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.