Citigroup Boosts Diversified Energy (NYSE:DEC) Price Target to $19.00

Diversified Energy (NYSE:DEC) had its price target hoisted by stock analysts at Citigroup from $16.00 to $19.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 14.49% from the stock’s previous close.

Separately, Wall Street Zen raised Diversified Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.50.

Diversified Energy Price Performance

Diversified Energy stock opened at $16.5950 on Thursday. The stock’s 50 day simple moving average is $14.88 and its two-hundred day simple moving average is $13.90. The company has a quick ratio of 0.40, a current ratio of 0.54 and a debt-to-equity ratio of 3.47. Diversified Energy has a fifty-two week low of $10.08 and a fifty-two week high of $17.70.

Institutional Trading of Diversified Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. bought a new position in Diversified Energy in the 2nd quarter valued at approximately $53,894,000. Jupiter Asset Management Ltd. lifted its position in Diversified Energy by 1.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,926,886 shares of the company’s stock valued at $43,478,000 after acquiring an additional 34,406 shares in the last quarter. Vanguard Group Inc. lifted its position in Diversified Energy by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 2,850,221 shares of the company’s stock valued at $38,663,000 after acquiring an additional 82,113 shares in the last quarter. Tejara Capital Ltd lifted its position in Diversified Energy by 1,903.1% in the 2nd quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company’s stock valued at $27,951,000 after acquiring an additional 1,810,214 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Diversified Energy by 177.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock valued at $16,060,000 after acquiring an additional 760,428 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

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.