Diversified Energy (NYSE:DEC – Get Free Report) had its price objective reduced by stock analysts at Truist Financial from $20.00 to $19.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 67.11% from the stock’s previous close.
Separately, KeyCorp started coverage on Diversified Energy in a research report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 target price for the company.
Get Our Latest Stock Report on DEC
Diversified Energy Stock Performance
Shares of DEC stock traded down $0.22 during mid-day trading on Monday, reaching $11.37. The company’s stock had a trading volume of 266,049 shares, compared to its average volume of 271,340. The company’s 50 day simple moving average is $12.99 and its 200-day simple moving average is $13.51. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.48 and a current ratio of 0.44. Diversified Energy has a 12-month low of $10.54 and a 12-month high of $20.00.
Hedge Funds Weigh In On Diversified Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. acquired a new position in shares of Diversified Energy in the fourth quarter worth about $25,000. Fund 1 Investments LLC purchased a new position in shares of Diversified Energy during the 4th quarter valued at approximately $56,000. Susquehanna International Securities Ltd. acquired a new stake in shares of Diversified Energy during the first quarter worth approximately $131,000. Virtu Financial LLC bought a new stake in shares of Diversified Energy in the first quarter worth $136,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Diversified Energy in the second quarter valued at $189,000. 26.51% of the stock is owned by hedge funds and other institutional investors.
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.
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