Diversified Energy (NYSE:DEC) Posts Earnings Results, Beats Estimates By $1.67 EPS

Diversified Energy (NYSE:DEC) released its earnings results on Thursday. The company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $1.67, FiscalAI reports. The firm had revenue of $464.56 million during the quarter, compared to analysts’ expectations of $430.19 million.

Diversified Energy Trading Up 1.1%

Shares of NYSE:DEC traded up $0.14 during trading on Thursday, hitting $13.20. The stock had a trading volume of 548,513 shares, compared to its average volume of 567,296. Diversified Energy has a 12-month low of $10.08 and a 12-month high of $16.85. The stock has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $14.14.

Wall Street Analyst Weigh In

DEC has been the subject of a number of analyst reports. Wall Street Zen lowered Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, January 21st. Mizuho upped their price target on Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Zacks Research lowered shares of Diversified Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Citigroup cut their price objective on Diversified Energy from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.50.

Insider Transactions at Diversified Energy

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

Institutional Investors Weigh In On Diversified Energy

Institutional investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC acquired a new position in Diversified Energy during the fourth quarter worth $255,000. Glendon Capital Management LP acquired a new position in shares of Diversified Energy during the 4th quarter valued at about $246,000. Quadrant Capital Group LLC grew its holdings in shares of Diversified Energy by 29.3% in the fourth quarter. Quadrant Capital Group LLC now owns 14,867 shares of the company’s stock valued at $215,000 after purchasing an additional 3,367 shares during the period. Sei Investments Co. purchased a new stake in shares of Diversified Energy in the third quarter valued at about $202,000. Finally, Janus Henderson Group PLC acquired a new stake in Diversified Energy during the fourth quarter worth about $188,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.

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.