Diversified Energy (NYSE:DEC) Releases Quarterly Earnings Results, Beats Estimates By $3.11 EPS

Diversified Energy (NYSE:DEC) issued its earnings results on Wednesday. The company reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $3.11, FiscalAI reports. The company had revenue of $442.30 million during the quarter, compared to analysts’ expectations of $489.65 million.

Diversified Energy Price Performance

DEC stock traded down $0.33 during trading on Wednesday, hitting $13.07. The stock had a trading volume of 785,347 shares, compared to its average volume of 846,800. Diversified Energy has a twelve month low of $12.33 and a twelve month high of $18.90. The company’s 50-day moving average price is $13.52 and its two-hundred day moving average price is $14.43. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $945.37 million, a P/E ratio of 3.71 and a beta of -0.38.

Institutional Trading of Diversified Energy

Several large investors have recently made changes to their positions in DEC. Royal Bank of Canada lifted its holdings in Diversified Energy by 168.8% in the 1st quarter. Royal Bank of Canada now owns 26,366 shares of the company’s stock valued at $356,000 after purchasing an additional 16,556 shares in the last quarter. Amundi raised its position in shares of Diversified Energy by 4.1% in the first quarter. Amundi now owns 50,406 shares of the company’s stock valued at $654,000 after buying an additional 1,995 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Diversified Energy in the first quarter valued at about $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Diversified Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock worth $377,000 after buying an additional 1,170 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Diversified Energy by 177.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,187,856 shares of the company’s stock worth $16,060,000 after acquiring an additional 760,428 shares during the last quarter. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DEC has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of Diversified Energy to a “hold” rating in a research note on Friday, July 10th. Zacks Research lowered shares of Diversified Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. 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 for the company. Weiss Ratings downgraded shares of Diversified Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Citigroup lowered their target price on shares of Diversified Energy from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.17.

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.