Diversified Energy (NYSE:DEC) Shares Down 6.1% – What’s Next?

Shares of Diversified Energy Company PLC (NYSE:DEC) traded down 6.1% on Wednesday . The company traded as low as $15.88 and last traded at $15.70. 89,462 shares were traded during mid-day trading, a decline of 58% from the average session volume of 213,149 shares. The stock had previously closed at $16.73.

Analyst Upgrades and Downgrades

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

Diversified Energy Stock Performance

The stock has a 50 day simple moving average of $16.32 and a two-hundred day simple moving average of $14.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC acquired a new stake in shares of Diversified Energy during the 3rd quarter worth approximately $31,000. FMR LLC acquired a new stake in Diversified Energy during the third quarter worth $31,000. Ballentine Partners LLC acquired a new stake in Diversified Energy during the third quarter worth $143,000. XTX Topco Ltd acquired a new position in shares of Diversified Energy in the 3rd quarter valued at $163,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Diversified Energy in the 3rd quarter valued at $167,000. Institutional investors and hedge funds 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.