Stephens Upgrades Diversified Energy (NYSE:DEC) to Strong-Buy

Diversified Energy (NYSE:DEC) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a report issued on Wednesday, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on DEC. Truist Financial dropped their price objective on Diversified Energy from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Zacks Research upgraded Diversified Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 25th. KeyCorp upped their price objective on Diversified Energy from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Weiss Ratings upgraded Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen cut Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.83.

Diversified Energy Trading Up 1.5%

NYSE:DEC opened at $15.79 on Wednesday. Diversified Energy has a twelve month low of $11.21 and a twelve month high of $18.90. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73. The business has a 50 day moving average price of $15.08 and a two-hundred day moving average price of $14.24. The company has a market cap of $1.14 billion, a P/E ratio of 10.74 and a beta of -0.23.

Diversified Energy (NYSE:DEC) last released its quarterly earnings results on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. As a group, analysts expect that Diversified Energy will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Diversified Energy

Large investors have recently added to or reduced their stakes in the business. Quarry LP increased its position in Diversified Energy by 1,595.2% during the 3rd quarter. Quarry LP now owns 2,119 shares of the company’s stock worth $30,000 after buying an additional 1,994 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Diversified Energy during the 4th quarter worth $32,000. Ensign Peak Advisors Inc bought a new position in Diversified Energy during the 4th quarter worth $35,000. State of Alaska Department of Revenue bought a new position in Diversified Energy during the 3rd quarter worth $47,000. Finally, Tower Research Capital LLC TRC increased its position in Diversified Energy by 261.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company’s stock worth $74,000 after buying an additional 3,666 shares during the period. Institutional investors own 26.51% of the company’s stock.

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.