Diversified Energy Company PLC (NYSE:DEC) Short Interest Update

Diversified Energy Company PLC (NYSE:DEC) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 2,401,784 shares, a decrease of 16.5% from the January 15th total of 2,874,860 shares. Based on an average daily trading volume, of 562,756 shares, the short-interest ratio is currently 4.3 days. Based on an average daily trading volume, of 562,756 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

DEC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diversified Energy in a report on Wednesday, January 21st. Johnson Rice raised shares of Diversified Energy from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $23.00 in a research note on Friday, December 5th. Zacks Research lowered Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. William Blair initiated coverage on shares of Diversified Energy in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Finally, Mizuho upped 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.50.

Insider Buying and Selling

In other Diversified Energy news, Director Randall S. Wade sold 2,100,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 7,501,585 shares of the company’s stock, valued at $99,621,048.80. This trade represents a 21.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Diversified Energy

Several hedge funds and other institutional investors have recently made changes to their positions in DEC. EIG Asset Management LLC purchased a new position in shares of Diversified Energy during the fourth quarter valued at approximately $139,031,000. Ameriprise Financial Inc. boosted its holdings in Diversified Energy by 11.8% during the third quarter. Ameriprise Financial Inc. now owns 4,108,991 shares of the company’s stock worth $57,567,000 after purchasing an additional 435,222 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Diversified Energy in the 4th quarter worth about $46,334,000. Artemis Investment Management LLP increased its stake in Diversified Energy by 114.2% in the 4th quarter. Artemis Investment Management LLP now owns 2,595,577 shares of the company’s stock valued at $37,555,000 after buying an additional 1,384,073 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Diversified Energy by 47.6% during the 3rd quarter. Citadel Advisors LLC now owns 2,379,205 shares of the company’s stock worth $33,333,000 after buying an additional 767,378 shares in the last quarter. 26.51% of the stock is owned by institutional investors.

Diversified Energy Stock Down 0.9%

Shares of Diversified Energy stock traded down $0.12 during trading on Tuesday, reaching $13.09. 497,463 shares of the company traded hands, compared to its average volume of 499,550. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $16.88. The company has a 50 day moving average price of $13.56 and a 200-day moving average price of $14.18.

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

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.