Diversified Energy (NYSE:DEC) Price Target Raised to $19.00 at KeyCorp

Posted by Xavier Holt on Jan 7th, 2025

Diversified Energy (NYSE:DEC – Get Free Report) had its price objective lifted by research analysts at KeyCorp from $18.00 to $19.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 11.63% from the company’s current price.

Separately, Truist Financial boosted their price target on shares of Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a report on Monday.

Read Our Latest Research Report on Diversified Energy

Diversified Energy Price Performance

Shares of Diversified Energy stock traded up $0.34 during trading hours on Tuesday, hitting $17.02. The company’s stock had a trading volume of 66,193 shares, compared to its average volume of 251,778. The business has a fifty day moving average of $15.17 and a 200 day moving average of $13.81. Diversified Energy has a 1-year low of $10.54 and a 1-year high of $17.70.

Institutional Investors Weigh In On Diversified Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC acquired a new position in Diversified Energy in the third quarter valued at about $31,000. FMR LLC acquired a new stake in Diversified Energy during the third quarter worth approximately $31,000. Ballentine Partners LLC bought a new position in Diversified Energy in the third quarter valued at approximately $143,000. XTX Topco Ltd bought a new stake in shares of Diversified Energy during the 3rd quarter worth $163,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Diversified Energy in the 3rd quarter valued at approximately $167,000. 26.51% of the stock is owned by institutional investors and hedge funds.

About Diversified Energy

(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.