Citigroup Begins Coverage on Diversified Energy (NYSE:DEC)

Analysts at Citigroup initiated coverage on shares of Diversified Energy (NYSE:DEC) in a research report issued on Tuesday. The firm set a “buy” rating and a $16.00 price target on the stock. Citigroup’s price objective indicates a potential upside of 25.79% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Mizuho began coverage on Diversified Energy in a research report on Thursday, April 10th. They issued an “outperform” rating and a $23.00 target price for the company. KeyCorp cut their price target on Diversified Energy from $21.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, Truist Financial upped their target price on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, January 6th.

Diversified Energy Stock Up 1.0 %

Shares of Diversified Energy stock opened at $12.72 on Tuesday. Diversified Energy has a twelve month low of $10.08 and a twelve month high of $17.70. The firm’s 50-day moving average price is $12.43 and its 200 day moving average price is $14.23.

Institutional Investors Weigh In On Diversified Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in Diversified Energy by 181.8% during the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock worth $130,000 after purchasing an additional 5,008 shares during the period. ProShare Advisors LLC bought a new stake in Diversified Energy in the fourth quarter valued at about $222,000. Walleye Capital LLC acquired a new stake in Diversified Energy in the fourth quarter valued at $223,000. Callan Family Office LLC acquired a new stake in shares of Diversified Energy in the 4th quarter valued at $248,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Diversified Energy by 51.9% during the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company’s stock valued at $282,000 after acquiring an additional 5,738 shares during the period. 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.