Streetbeat News

DEC

Diversified Energy Company PLC

https://www.div.energy

Industry

Energy

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. Its assets consist of natural gas wells and gathering systems located in the states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana. The company was formerly known as Diversified Gas & Oil PLC and changed its name to Diversified Energy Company PLC in May 2021. Diversified Energy Company PLC was founded in 2001 and is headquartered in Birmingham, Alabama.

Open

12.83

Mkt cap

644M

Volume

147K

High

12.86

P/E Ratio

4.56

52-wk high

17.10

Low

12.51

Div yield

0.11

52-wk low

10.54

Diversified Energy Company PLC reported strong cash flows in the third quarter, highlighting $85 million in dividend payments, $154 million in debt retirement, and $20 million in share repurchases.

Portfolio Pulse from

November 12, 2024 | 8:30 am

Investors are advised to wait for a better entry point for Diversified Energy Company (DEC) stock due to a downward revision in its Q3 earnings estimate and poor share price performance.

Portfolio Pulse from

November 08, 2024 | 4:30 pm

Wall Street analysts have given a 'Buy' recommendation for Diversified Energy Company PLC (DEC). Such recommendations can influence stock prices, but their actual impact on investment decisions is debatable.

Portfolio Pulse from

November 07, 2024 | 3:45 pm

Truist Securities has maintained its Buy rating on Diversified Energy (NYSE:DEC) but has lowered the price target from $20 to $19.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:22 pm

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Portfolio Pulse from Avi Kapoor

September 03, 2024 | 12:03 pm

Zhibao Technology shares surged 18.8% in pre-market trading after winning a tender to provide services to the People’s Insurance Company of China. Other notable pre-market movers include Sify Technologies, Aptose Biosciences, and United States Steel Corporation.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 9:13 am

Keybanc has initiated coverage on Diversified Energy (NYSE:DEC) with an Overweight rating and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:41 am

Diversified Energy shares are trading lower following the release of their H1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:44 pm

Diversified Energy Company reported a net income of $16M for the six months ended June 30, inclusive of $98M in tax benefits, and an adjusted EBITDA of $218M. The company maintained flat production volumes since 4Q2023, with a June 2024 exit rate of 855 MMcfepd, including the impact of the Oaktree Acquisition.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:14 am

Truist Securities has maintained its Buy rating on Diversified Energy (NYSE:DEC) and raised the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:59 pm

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