Diversified Energy (NYSE:DEC) Posts Earnings Results

Diversified Energy (NYSE:DEC) released its quarterly earnings results on Friday. The company reported $2.28 EPS for the quarter, FiscalAI reports.

Diversified Energy Stock Performance

Shares of DEC stock opened at $13.41 on Friday. Diversified Energy has a one year low of $10.08 and a one year high of $17.24. The company’s fifty day moving average price is $13.84 and its 200-day moving average price is $14.27.

Insiders Place Their Bets

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $13.28, for a total value of $27,888,000.00. Following the completion of the sale, the director owned 7,501,585 shares in the company, valued at approximately $99,621,048.80. This represents a 21.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Diversified Energy

Large investors have recently made changes to their positions in the business. Callan Family Office LLC grew its position in shares of Diversified Energy by 5.8% during the second quarter. Callan Family Office LLC now owns 15,639 shares of the company’s stock worth $229,000 after purchasing an additional 861 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Diversified Energy by 8.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock worth $161,000 after purchasing an additional 863 shares during the period. ProShare Advisors LLC boosted its stake in Diversified Energy by 10.9% in the 2nd quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after purchasing an additional 1,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diversified Energy by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after buying an additional 1,170 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Diversified Energy by 5.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after buying an additional 1,249 shares during the last quarter. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on DEC shares. Mizuho upped their target price on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Zacks Research cut shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Johnson Rice upgraded Diversified Energy from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $19.00 to $23.00 in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diversified Energy in a report on Wednesday, January 21st. Finally, Citigroup lowered their target price on Diversified Energy from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, Diversified Energy has a consensus rating of “Hold” and an average price target of $20.50.

About Diversified Energy

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.