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

Truist Securities has initiated coverage on Diversified Energy (NYSE:DEC) with a Buy rating and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:53 am

Diversified Energy Company (DEC) announced its Q1 financial results, reporting an Adjusted EBITDA of $102M and Free Cash Flow of $74M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:19 am

Snap Inc. reported mixed Q4 results with a revenue miss and a weak Q1 revenue forecast, leading to a 31.3% drop in pre-market trading. Other stocks like fuboTV, Diversified Energy, New York Community Bancorp, Cognizant, KKR Real Estate Finance Trust, Nyxoah, V.F. Corporation, ePlus, Weibo, and Pinterest also saw pre-market declines due to various factors including earnings reports and credit downgrades.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 10:13 am

BlackBerry Limited's stock (NYSE:BB) fell by over 17% after announcing a proposed private offering of $160 million in convertible senior notes. Other stocks experienced significant movement in Wednesday's mid-day session, with notable gainers including Getaround, Inc. (NYSE:GETR), Evaxion Biotech A/S (NASDAQ:EVAX), and SciSparc Ltd. (NASDAQ:SPRC), among others. Losers included Richtech Robotics Inc. (NASDAQ:RR), Rail Vision Ltd. (NASDAQ:RVSN), and Gamer Pakistan Inc. (NASDAQ:GPAK).

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 6:05 pm

Netflix, Inc. (NASDAQ:NFLX) shares rose by 10.2% in pre-market trading after reporting Q4 revenue of $8.83 billion, surpassing the consensus estimate of $8.72 billion, despite missing EPS estimates. The company added 13.12 million net paid subscribers in Q4. Other stocks also moved in pre-market trading, with notable gainers including Getaround, Inc. (NYSE:GETR), Evaxion Biotech A/S (NASDAQ:EVAX), and Zoomcar Holdings, Inc. (NASDAQ:ZCAR), while Meta Materials Inc. (NASDAQ:MMAT) and BlackBerry Limited (NYSE:BB) were among the losers.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 1:14 pm

Texas Instruments Incorporated (NASDAQ:TXN) reported Q4 earnings of $1.49 per share, slightly above expectations but a 30.05% decrease from the previous year. Sales were $4.08 billion, missing the $4.12 billion estimate. The company forecasts Q1 revenue well below the $4.06 billion estimate, causing shares to drop 3.7% in pre-market trading. Other stocks such as BlackBerry Limited (NYSE:BB), Diversified Energy Company PLC (NYSE:DEC), Digital World Acquisition Corp. (NASDAQ:DWAC), Sagimet Biosciences Inc. (NASDAQ:SGMT), Plug Power Inc. (NASDAQ:PLUG), and DXC Technology Company (NYSE:DXC) also experienced pre-market losses.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 10:12 am

In Friday's pre-market session, iRobot Corporation (IRBT) shares plummeted after reports that the EU may reject Amazon's (AMZN) acquisition of the company. AST SpaceMobile (ASTS) shares also tumbled following a $100 million common stock offering and strategic investment news involving AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone. Other stocks experiencing pre-market losses include MorphoSys (MOR), Absci Corporation (ABSI), Diversified Energy Company (DEC), XPeng Inc. (XPEV), Chegg (CHGG), and Arcutis Biotherapeutics (ARQT).

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 10:38 am

Diversified Energy has completed the sale of its producing assets in Appalachia to a Special Purpose Vehicle (SPV), DP Lion Equity Holdco LLC, retaining a 20% interest and operatorship. The transaction generated $200 million in proceeds, which were used to repay a portion of the company's debt and for general corporate purposes. The sale led to a 12% reduction in net debt and the assets sold had a PV-10 value of approximately $230 million.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:28 am

Paychex, Inc. reported Q2 FY24 sales of $1.26 billion, missing estimates by $0.01 billion, but beat EPS estimates by $0.01. The stock fell 5.4%. Other stocks also declined: ZJYL after a Nasdaq compliance notice, BB following Q3 results, and others due to various reasons. WBD's CEOs discussed a potential merger.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 4:02 pm

Compugen Ltd. (CGEN) shares soared by over 200% after Gilead Sciences announced an exclusive licensing agreement for Compugen's pre-clinical immunotherapy program. Other stocks also moved significantly in Tuesday's mid-day session, with various companies experiencing gains due to positive developments such as FDA approvals, business accreditations, and favorable analyst upgrades. Conversely, some stocks fell sharply due to negative events like pricing of public offerings, discontinuation of joint development programs, and unfavorable patent litigation outcomes.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 6:34 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.