Diversified Energy (DEC)

• Market cap: $821M
• 1 day: 1.38%
• 5 days: 5.69%
• 1 month: 0.69%
• 3 months: 43.68%
• 6 months: 23.00%
• Year to date: -0.31%
• 1 year: 5.28%
• 5 years: -9.88%
• 10 years: -9.88%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

267% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 9

38% more funds holding

Funds holding: 64 [Q2] → 88 (+24) [Q3]

24% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 21

2.98% more ownership

Funds ownership: 35.21% [Q2] → 38.2% (+2.98%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

10% less capital invested

Capital invested by funds: $2.48B [Q2] → $2.22B (-$258M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $21 30% upside
• Avg. target: $21 30% upside
• High target: $21 30% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Truist Securities Bertrand Donnes 89% 1-year accuracy 8 / 9 met price target

30% upside $21

Buy Maintained

18 Nov 2024