Diversified Energy Company PLC (NYSE:DEC - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $11.18, but opened at $11.66. Diversified Energy shares last traded at $11.69, with a volume of 74,124 shares.
Analyst Ratings Changes
DEC has been the topic of several research analyst reports. KeyCorp increased 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. Truist Financial increased their target price on Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a report on Monday, January 6th.
View Our Latest Stock Report on DEC
Diversified Energy Stock Performance
The business's 50-day moving average is $15.69 and its two-hundred day moving average is $14.10.
Institutional Trading of Diversified Energy
Several hedge funds have recently made changes to their positions in DEC. Cornercap Investment Counsel Inc. acquired a new stake in Diversified Energy in the third quarter worth $235,000. Empowered Funds LLC bought a new stake in Diversified Energy in the 3rd quarter valued at about $1,486,000. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $1,291,000 after purchasing an additional 1,910 shares during the period. The Manufacturers Life Insurance Company grew its position in 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 purchasing an additional 694,866 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of Diversified Energy in the third quarter valued at approximately $31,000. Institutional investors own 26.51% of the company's stock.
Diversified Energy Company Profile
(
Get Free Report)
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.
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