Diversified Energy (NYSE:DEC) Stock Rating Lowered by Zacks Research

Diversified Energy (NYSE:DEC) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also commented on DEC. Mizuho boosted their price target on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. William Blair began coverage on Diversified Energy in a report on Tuesday, November 18th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diversified Energy in a report on Wednesday, October 8th. Citigroup raised their price objective on shares of Diversified Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.00.

Diversified Energy Stock Up 0.5%

Diversified Energy stock opened at $12.53 on Monday. Diversified Energy has a 12 month low of $10.08 and a 12 month high of $17.24. The business has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $14.40.

Insider Activity at Diversified Energy

In related news, Director Randall S. Wade sold 2,100,000 shares of Diversified Energy stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the sale, the director directly owned 7,501,585 shares of the company’s stock, valued at $99,621,048.80. The trade was a 21.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Diversified Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEC. CWM LLC increased its stake in shares of Diversified Energy by 273.1% in the 2nd quarter. CWM LLC now owns 1,787 shares of the company’s stock valued at $26,000 after acquiring an additional 1,308 shares during the last quarter. Quarry LP increased its stake in Diversified Energy by 1,595.2% in the third quarter. Quarry LP now owns 2,119 shares of the company’s stock valued at $30,000 after purchasing an additional 1,994 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Diversified Energy in the third quarter worth $47,000. Allworth Financial LP boosted its position in shares of Diversified Energy by 10,143.9% during the second quarter. Allworth Financial LP now owns 4,200 shares of the company’s stock worth $62,000 after purchasing an additional 4,159 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new stake in shares of Diversified Energy in the 2nd quarter valued at $73,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Company Profile

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.