Diversified Energy's (DEC) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Diversified Energy (NYSE: DEC) has had its "sell (D+)" rating reiterated by Weiss Ratings, signaling cautious sentiment from analysts.
• Despite the sell rating, several other analysts have issued positive revisions, with Citigroup raising their target price to $19.00 and maintaining a "buy" rating.
• The company's stock experienced a slight decline, trading at $13.86, with a 12-month high of $17.70 and a low of $10.08, indicating volatility in its performance.

Diversified Energy (NYSE:DEC - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on DEC. Citigroup boosted their target price on Diversified Energy from $16.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Wall Street Zen raised Diversified Energy from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Finally, Mizuho reduced their target price on Diversified Energy from $27.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.25.

Diversified Energy Price Performance

Diversified Energy stock traded down $0.02 during trading hours on Wednesday, reaching $13.86. The company had a trading volume of 419,172 shares, compared to its average volume of 652,808. The company has a 50-day moving average price of $15.00 and a 200 day moving average price of $14.11. Diversified Energy has a 12-month low of $10.08 and a 12-month high of $17.70.

Institutional Investors Weigh In On Diversified Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. bought a new stake in Diversified Energy in the second quarter worth $53,894,000. Jupiter Asset Management Ltd. boosted its holdings in Diversified Energy by 1.2% in 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Diversified Energy by 3.0% in 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 in the last quarter. Tejara Capital Ltd boosted its holdings in Diversified Energy by 1,903.1% in the second quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company's stock worth $27,951,000 after acquiring an additional 1,810,214 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Diversified Energy by 177.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company's stock worth $16,060,000 after acquiring an additional 760,428 shares in the last quarter. 26.51% of the stock is 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.

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