Diversified Energy (NYSE:DEC) Stock Price Down 3.7%

Diversified Energy Company PLC (NYSE:DEC)’s share price traded down 3.7% during mid-day trading on Thursday . The stock traded as low as $13.28 and last traded at $13.28. 47,680 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 258,026 shares. The stock had previously closed at $13.79.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their price target on shares of Diversified Energy from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd.

Diversified Energy Price Performance

The business’s 50 day moving average is $14.65 and its 200 day moving average is $13.54. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.48.

Institutional Investors Weigh In On Diversified Energy

Institutional investors have recently modified their holdings of the stock. Royal London Asset Management Ltd. acquired a new stake in shares of Diversified Energy during the 4th quarter valued at $25,000. Fund 1 Investments LLC acquired a new stake in shares of Diversified Energy during the 4th quarter valued at $56,000. Susquehanna International Securities Ltd. acquired a new stake in shares of Diversified Energy during the 1st quarter valued at $131,000. Virtu Financial LLC acquired a new stake in shares of Diversified Energy during the 1st quarter valued at $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Diversified Energy during the 4th quarter valued at $190,000. 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.