Diversified Energy (NYSE:DEC) Stock Price Expected to Rise, KeyCorp Analyst Says

Diversified Energy (NYSE:DEC) had its price target lifted by investment analysts at KeyCorp from $18.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 14.46% from the company’s current price.

Separately, Truist Financial increased their target price on shares of Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a report on Monday.

Diversified Energy Trading Down 1.7 %

DEC opened at $16.60 on Tuesday. Diversified Energy has a 12-month low of $10.54 and a 12-month high of $17.70. The stock has a 50-day moving average price of $15.36 and a 200-day moving average price of $13.85.

Institutional Trading of Diversified Energy

Institutional investors have recently modified their holdings of the company. CWA Asset Management Group LLC bought a new stake in shares of Diversified Energy in the 4th quarter worth approximately $390,000. JPMorgan Chase & Co. boosted its stake in shares of Diversified Energy by 30.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,159 shares of the company’s stock valued at $1,128,000 after purchasing an additional 23,126 shares in the last quarter. Barclays PLC increased its position in shares of Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after buying an additional 322,986 shares during the period. XTX Topco Ltd bought a new position in Diversified Energy in the third quarter worth about $163,000. Finally, Jane Street Group LLC bought a new stake in Diversified Energy during the 3rd quarter valued at approximately $384,000. 26.51% of the stock is currently owned by hedge funds and other 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.