Equities researchers at Truist Financial initiated coverage on shares of Diversified Energy (NYSE:DEC – Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $18.00 price target on the stock. Truist Financial’s target price points to a potential upside of 32.35% from the stock’s previous close.
Diversified Energy Stock Performance
DEC stock opened at $13.60 on Tuesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.48. Diversified Energy has a fifty-two week low of $10.54 and a fifty-two week high of $26.00. The stock’s 50 day simple moving average is $14.12.
Hedge Funds Weigh In On Diversified Energy
Several hedge funds have recently made changes to their positions in the company. Swiss National Bank acquired a new position in shares of Diversified Energy in the 4th quarter valued at $1,354,000. UBS Group AG purchased a new position in Diversified Energy in the fourth quarter worth $15,871,000. Rathbones Group PLC purchased a new position in shares of Diversified Energy in the 4th quarter valued at about $11,603,000. Allianz Asset Management GmbH acquired a new stake in shares of Diversified Energy during the 4th quarter valued at approximately $16,390,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Diversified Energy during the fourth quarter worth $190,000. Hedge funds and other institutional investors own 26.51% of the company’s stock.
Diversified Energy Company Profile
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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Source: defenseworld.net
