Diversified Energy (NYSE:DEC) Rating Increased to Hold at Jefferies Financial Group

Diversified Energy (NYSE:DEC) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on DEC. KeyCorp lifted their price target on shares of Diversified Energy from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Stephens began coverage on shares of Diversified Energy in a report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 price objective on the stock. Zacks Research cut shares of Diversified Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup boosted their target price on Diversified Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings cut Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Diversified Energy currently has an average rating of “Moderate Buy” and a consensus target price of $21.83.

Diversified Energy Stock Down 2.4%

Shares of DEC opened at $13.35 on Friday. The firm has a market cap of $965.11 million, a P/E ratio of 3.79 and a beta of -0.40. Diversified Energy has a 12-month low of $12.33 and a 12-month high of $18.90. The company’s 50-day moving average price is $14.45 and its 200 day moving average price is $14.51. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.57.

Institutional Investors Weigh In On Diversified Energy

Several large investors have recently added to or reduced their stakes in DEC. Redhawk Wealth Advisors Inc. acquired a new stake in Diversified Energy during the 2nd quarter worth approximately $259,000. Versant Capital Management Inc boosted its position in Diversified Energy by 197.0% in the 2nd quarter. Versant Capital Management Inc now owns 4,909 shares of the company’s stock valued at $68,000 after buying an additional 3,256 shares during the period. Southern Financial Group LLC acquired a new position in shares of Diversified Energy in the first quarter worth $212,000. Optiver Holding B.V. purchased a new stake in shares of Diversified Energy during the first quarter worth $414,000. Finally, Bank of America Corp DE raised its stake in shares of Diversified Energy by 57.8% in the first quarter. Bank of America Corp DE now owns 304,613 shares of the company’s stock valued at $5,312,000 after acquiring an additional 111,625 shares in the last quarter. 26.51% of the stock is owned by hedge funds and other institutional investors.

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.