Diversified Energy Company PLC (NYSE:DEC) Receives Average Rating of “Moderate Buy” from Brokerages

Diversified Energy Company PLC (NYSE:DEC) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.50.

Several analysts recently weighed in on DEC shares. Weiss Ratings upgraded shares of Diversified Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Citigroup decreased their target price on shares of Diversified Energy from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Truist Financial raised their price target on shares of Diversified Energy from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Mizuho set a $32.00 price target on Diversified Energy in a report on Monday, August 10th. Finally, Jefferies Financial Group upgraded Diversified Energy to a “hold” rating in a research report on Friday, July 10th.

Diversified Energy Price Performance

Shares of NYSE DEC opened at $14.69 on Monday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $1.04 billion, a PE ratio of 4.55 and a beta of -0.38. Diversified Energy has a 1-year low of $12.33 and a 1-year high of $18.90. The business’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $14.55.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.49). The firm had revenue of $442.30 million for the quarter, compared to the consensus estimate of $492.98 million. On average, research analysts expect that Diversified Energy will post 2.7 EPS for the current year.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $1.16 annualized dividend and a yield of 7.9%. Diversified Energy’s payout ratio is presently 35.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Diversified Energy in the second quarter worth $26,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Diversified Energy during the second quarter valued at about $259,000. Versant Capital Management Inc raised its stake in shares of Diversified Energy by 197.0% during the second quarter. Versant Capital Management Inc now owns 4,909 shares of the company’s stock valued at $68,000 after purchasing an additional 3,256 shares in the last quarter. Southern Financial Group LLC acquired a new stake in Diversified Energy in the first quarter worth about $212,000. Finally, Optiver Holding B.V. acquired a new stake in Diversified Energy in the first quarter worth about $414,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.