Diversified Energy (NYSE:DEC) Coverage Initiated at Mizuho

Analysts at Mizuho began coverage on shares of Diversified Energy (NYSE:DEC) in a research note issued to investors on Thursday,Benzinga reports. The firm set an “outperform” rating and a $23.00 price target on the stock. Mizuho’s price objective points to a potential upside of 111.11% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. KeyCorp upped their price objective on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Truist Financial boosted their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 6th.

Diversified Energy Stock Performance

Shares of DEC traded down $0.61 during midday trading on Thursday, hitting $10.90. 222,775 shares of the stock traded hands, compared to its average volume of 347,532. The business’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $14.20. Diversified Energy has a 1-year low of $10.08 and a 1-year high of $17.70.

Institutional Trading of Diversified Energy

Several institutional investors and hedge funds have recently bought and sold shares of DEC. Charles Schwab Investment Management Inc. raised its holdings in Diversified Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock worth $1,291,000 after buying an additional 1,910 shares during the period. FMR LLC acquired a new stake in Diversified Energy during the 3rd quarter worth about $31,000. Quantinno Capital Management LP acquired a new stake in Diversified Energy during the 3rd quarter worth about $167,000. State Street Corp raised its holdings in Diversified Energy by 42.4% during the 3rd quarter. State Street Corp now owns 552,844 shares of the company’s stock worth $6,291,000 after buying an additional 164,728 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Diversified Energy during the 3rd quarter worth about $384,000. Institutional investors and hedge funds 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.