Diversified Energy (NYSE:DEC) Shares Gap Up – What’s Next?

Diversified Energy Company PLC (NYSE:DEC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.95, but opened at $12.45. Diversified Energy shares last traded at $12.65, with a volume of 42,266 shares traded.

Analyst Upgrades and Downgrades

DEC has been the topic of several research analyst reports. KeyCorp raised their price objective on Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Truist Financial lifted their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, January 6th.

Diversified Energy Trading Up 7.5 %

The business has a fifty day moving average price of $15.14 and a two-hundred day moving average price of $14.07.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. acquired a new position in Diversified Energy in the 3rd quarter worth about $235,000. Empowered Funds LLC acquired a new position in Diversified Energy during the 3rd quarter valued at $1,486,000. Charles Schwab Investment Management Inc. raised its position in shares of Diversified Energy by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock valued at $1,291,000 after buying an additional 1,910 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Diversified Energy by 3,058.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company’s stock worth $8,101,000 after acquiring an additional 694,866 shares during the period. Finally, FMR LLC acquired a new stake in Diversified Energy during the third quarter worth $31,000. 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.