Truist Financial Forecasts Strong Price Appreciation for Diversified Energy (NYSE:DEC) Stock

Diversified Energy (NYSE:DEC) had its price target upped by equities research analysts at Truist Financial from $19.00 to $21.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 39.72% from the stock’s current price.

Separately, KeyCorp assumed coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They set an “overweight” rating and a $18.00 price objective for the company.

Diversified Energy Stock Up 4.7 %

Shares of DEC stock traded up $0.68 during trading hours on Monday, hitting $15.03. 101,699 shares of the company were exchanged, compared to its average volume of 263,951. The business has a 50 day moving average of $11.90 and a two-hundred day moving average of $13.34. Diversified Energy has a 52 week low of $10.54 and a 52 week high of $18.69.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new position in Diversified Energy in the third quarter valued at $31,000. FMR LLC bought a new position in shares of Diversified Energy in the 3rd quarter valued at about $31,000. Virtu Financial LLC bought a new position in shares of Diversified Energy in the 1st quarter valued at about $136,000. Ballentine Partners LLC bought a new position in shares of Diversified Energy in the 3rd quarter valued at about $143,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Diversified Energy during the 2nd quarter worth about $189,000. 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.