Diversified Energy (NYSE:DEC) Price Target Cut to $26.00 by Analysts at Mizuho

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 cut by equities researchers at Mizuho from $27.00 to $26.00 in a research note issued on Monday, Marketbeat.com reports. The firm presently has an "outperform" rating on the stock. Mizuho's price target suggests a potential upside of 85.19% from the stock's previous close.

A number of other brokerages also recently weighed in on DEC. Citigroup raised their target price on shares of 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 upgraded shares of Diversified Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $22.25.

Diversified Energy Price Performance

DEC stock traded down $0.21 during trading on Monday, reaching $14.04. The company had a trading volume of 1,034,459 shares, compared to its average volume of 446,887. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.70. The business has a 50 day moving average of $15.23 and a 200 day moving average of $13.94. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.54 and a quick ratio of 0.40.

Institutional Trading of Diversified Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DEC. Ameriprise Financial Inc. bought a new stake in Diversified Energy in the 2nd quarter valued at $53,894,000. Tejara Capital Ltd grew its holdings in Diversified Energy by 1,903.1% during the 2nd quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company's stock valued at $27,951,000 after purchasing an additional 1,810,214 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 valued at $16,060,000 after purchasing an additional 760,428 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in Diversified Energy in the 2nd quarter valued at about $9,084,000. Finally, Woodline Partners LP purchased a new stake in Diversified Energy in the 4th quarter valued at about $6,274,000. 26.51% of the stock is currently 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.