This Stock Is Among The Best Ways To Play Natural Gas
Portfolio Pulse from Priya Nigam
Diversified Energy Company PLC (NYSE:DEC) has completed the acquisition of certain assets from Oaktree Capital Management. Truist Securities initiated coverage with a Buy rating and a price target of $18, citing high free cash flow yield, fixed dividend, and upcoming addition to the Russell 2000. The company has a lower base production decline compared to its peers and a strong track record of acquisitions.
June 25, 2024 | 4:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Diversified Energy Company (NYSE:DEC) has been rated a Buy by Truist Securities with a price target of $18. The company has high free cash flow yield, a fixed dividend, and will be added to the Russell 2000. It also has a lower base production decline compared to peers and a strong acquisition track record.
The Buy rating and price target of $18 from Truist Securities, along with the company's high free cash flow yield, fixed dividend, and upcoming addition to the Russell 2000, are likely to positively impact the stock price in the short term. The company's lower base production decline and strong acquisition track record further support this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100