Diversified Energy Company PLC (NYSE:DEC) Given Consensus Rating of “Moderate Buy” by Analysts

Diversified Energy Company PLC (NYSE:DEC) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.50.

A number of analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Diversified Energy from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, October 20th. Mizuho lowered their price target on shares of Diversified Energy from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th.

Institutional Investors Weigh In On Diversified Energy

A number of institutional investors have recently added to or reduced their stakes in DEC. CWM LLC raised its holdings in Diversified Energy by 273.1% in the second quarter. CWM LLC now owns 1,787 shares of the company’s stock worth $26,000 after purchasing an additional 1,308 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Diversified Energy during the 3rd quarter worth approximately $47,000. Allworth Financial LP lifted its position in Diversified Energy by 10,143.9% during 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 last quarter. Oakworth Capital Inc. acquired a new stake in Diversified Energy in the second quarter valued at approximately $73,000. Finally, 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 in the last quarter. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Stock Up 1.3%

Shares of NYSE DEC opened at $13.27 on Tuesday. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.70. The business has a fifty day simple moving average of $14.48 and a two-hundred day simple moving average of $14.16. The firm has a market cap of $639.88 million, a PE ratio of 9.03 and a beta of 0.65.

Diversified Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, December 1st. Diversified Energy’s payout ratio is presently 55.10%.

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.