Truist Financial Issues Positive Forecast for Diversified Energy (NYSE:DEC) Stock Price

Diversified Energy (NYSE:DEC) had its price objective lifted by analysts at Truist Financial from $21.00 to $27.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 60.62% from the stock’s current price.

Diversified Energy Trading Up 0.8 %

NYSE:DEC opened at $16.81 on Monday. The business’s 50-day simple moving average is $15.27 and its 200-day simple moving average is $13.83. Diversified Energy has a fifty-two week low of $10.54 and a fifty-two week high of $17.70.

Institutional Trading of Diversified Energy

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