Stock analysts at Truist Financial began coverage on shares of Diversified Energy (NYSE:DEC – Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $18.00 price target on the stock. Truist Financial’s target price indicates a potential upside of 34.03% from the stock’s current price.
Diversified Energy Price Performance
DEC traded down $0.17 on Tuesday, hitting $13.43. 193,349 shares of the company’s stock were exchanged, compared to its average volume of 191,896. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $26.00. The company’s fifty day simple moving average is $14.12. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.83.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of DEC. Royal London Asset Management Ltd. bought a new position in shares of Diversified Energy in the fourth quarter valued at approximately $25,000. Fund 1 Investments LLC bought a new position in shares of Diversified Energy in the fourth quarter valued at approximately $56,000. Susquehanna International Securities Ltd. bought a new position in shares of Diversified Energy in the first quarter valued at approximately $131,000. Virtu Financial LLC bought a new position in shares of Diversified Energy in the first quarter valued at approximately $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Diversified Energy in the fourth quarter valued at approximately $190,000. Institutional investors own 26.51% of the company’s stock.
About Diversified Energy
Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.
Further Reading
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Source: marketbeat.com
