Diversified EnergyDEC
About: Diversified Energy Co PLC is an independent owner and operator of producing natural gas and oil wells concentrated in the Appalachian Basin. The company acquires and manages gas and oil properties and certain associated midstream assets. Its operations are located throughout the neighboring states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana.
Employees: 1,603
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
65% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 17
21% more funds holding
Funds holding: 53 [Q1] → 64 (+11) [Q2]
11% more capital invested
Capital invested by funds: $2.24B [Q1] → $2.48B (+$241M) [Q2]
10.48% more ownership
Funds ownership: 24.42% [Q1] → 34.9% (+10.48%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Bertrand Donnes 50% 1-year accuracy 1 / 2 met price target | 66%upside $19 | Buy Maintained | 30 Sept 2024 |
Keybanc Tim Rezvan 51% 1-year accuracy 18 / 35 met price target | 57%upside $18 | Overweight Initiated | 28 Aug 2024 |
Truist Securities Bertrand Donnes 50% 1-year accuracy 1 / 2 met price target | 75%upside $20 | Buy Maintained | 22 Jul 2024 |