Mizuho Cuts Diversified Energy (NYSE:DEC) Price Target to $26.00

Key Points

• Mizuho has reduced the price target for Diversified Energy (NYSE: DEC) from $27.00 to $26.00, while maintaining an "outperform" rating on the stock, which suggests a potential upside of 69.56%.
• Other analysts, including Citigroup, have varying views; Citigroup raised their target from $16.00 to $19.00 with a "buy" rating, while the consensus target price across analysts stands at $22.25.
• Diversified Energy's shares experienced a slight increase, trading at $15.33, with recent institutional investments indicating strong interest in the stock.

Diversified Energy (NYSE:DEC - Get Free Report) had its price objective decreased by investment analysts at Mizuho from $27.00 to $26.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price target would indicate a potential upside of 69.56% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Citigroup lifted 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. Wall Street Zen upgraded Diversified Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Diversified Energy has a consensus rating of "Buy" and a consensus target price of $22.25.

Diversified Energy Price Performance

DEC traded up $0.02 during trading on Monday, hitting $15.33. The company's stock had a trading volume of 82,861 shares, compared to its average volume of 426,771. 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 business's fifty day simple moving average is $15.21 and its 200 day simple moving average is $13.90. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.70.

Institutional Trading of Diversified Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its holdings 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 buying an additional 1,308 shares during the last quarter. Allworth Financial LP boosted its stake in Diversified Energy by 10,143.9% in the second quarter. Allworth Financial LP now owns 4,200 shares of the company's stock valued at $62,000 after acquiring an additional 4,159 shares during the period. Oakworth Capital Inc. acquired a new position in Diversified Energy in the second quarter valued at approximately $73,000. Tower Research Capital LLC TRC boosted its stake in Diversified Energy by 261.3% in the second 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. Finally, Federated Hermes Inc. acquired a new position in Diversified Energy in the first quarter valued at 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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