DEC
Diversified EnergyDEC
DEC
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
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
313% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 8
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
3.03% more ownership
Funds ownership: 35.37% [Q2] → 38.41% (+3.03%) [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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
19%
upside
Avg. target
$23
44%
upside
High target
$27
69%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Keybanc Tim Rezvan 45% 1-year accuracy 17 / 38 met price target | 19%upside $19 | Overweight Maintained | 7 Jan 2025 |
Truist Securities Bertrand Donnes 75% 1-year accuracy 9 / 12 met price target | 69%upside $27 | Buy Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 12 articles about DEC published over the past 30 days
Positive
Zacks Investment Research
16 hours ago
Wall Street Bulls Look Optimistic About Diversified Energy Company PLC (DEC): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Negative
Zacks Investment Research
1 day ago
New Strong Sell Stocks for January 30th
DEC, ERO and EVH have been added to the Zacks Rank #5 (Strong Sell) List on January 30, 2024.
Neutral
Zacks Investment Research
3 days ago
Diversified Energy to Enter the Permian Via Maverick Acquisition
DEC's acquisition of Maverick Natural Resources is expected to bring the total production of the combined company to 59,000 barrels of oil equivalent per day.
Positive
Proactive Investors
4 days ago
Diversified Energy Company a ‘Buy' as it lands its largest ever acquisition - broker
As it announces the largest acquisition in its history, Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) is a ‘buy', according to stockbroker Peel Hunt. DEC has not been a stranger to deal-making as M&A has driven much of its growth since it floated on the London Stock Exchange in 2016 – when it came to market with a $50 million raise and a £69 million market cap.
Neutral
Accesswire
4 days ago
Diversified Expands Asset Base, Density, and Commodity Mix with Acquisition of Liquids Rich Maverick Natural Resources
Financial and Strategic Accretive Acquisition Provides Opportunity for 95% Increase in Revenue, Enhanced Margins, Expense Synergies, and 55% Increase in Free Cash Flow Unique & Differentiated Business Model Offers Reliable Production, Multi-Basin Commodity Diversification, and Strong Hedging Program that Enables Consistent Free Cash Flows Significant Operating Scale Provides Optionality for Organic Growth Through Established Low-Risk, High-Return Development Partnership Expands Proven Roll-Up Model to the Permian Basin and Forges Partnership with Energy Focused Investor EIG Modern Field Management Philosophy of Experienced Diversified Team Well Positioned to Leverage Technology, Capture Synergies and Unlock Portfolio Value BIRMINGHAM, AL / ACCESS Newswire / January 27, 2025 / Diversified Energy (LSE:DEC)(NYSE:DEC), today announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG for total consideration of approximately $1,275 million. The Acquisition combines two complementary asset packages, pairing high-quality Proved Developed Producing weighted production assets with the lowest corporate decline and capital intensity among peers.
Positive
Proactive Investors
4 days ago
Diversified Energy Company announces Maverick Natural Resources acquisition
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has struck a deal to acquire Maverick Natural Resources for $1.28 billion, adding assets in the Western Anadarko and Permian basin, to increase its revenue base by some 95%. The London-listed firm said the deal adds immediate scale, increases liquids production, and creates a combined company with long-term free cash flow generation, superior unit cash margins, and a compelling sustainability profile.
Negative
Zacks Investment Research
1 week ago
Diversified Energy Company PLC (DEC) Stock Slides as Market Rises: Facts to Know Before You Trade
In the closing of the recent trading day, Diversified Energy Company PLC (DEC) stood at $16.24, denoting a -0.61% change from the preceding trading day.
Neutral
Zacks Investment Research
2 weeks ago
Wall Street Analysts Think Diversified Energy Company PLC (DEC) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Neutral
Business Wire
3 weeks ago
Pioneer Energy Partners with Diversified Energy, Selected by the Department of Energy for a $5 Million Grant to Eliminate Emissions at Marginal Conventional Wells
LAKEWOOD, Colo.--(BUSINESS WIRE)--Pioneer Energy announced today that in partnership with Diversified Energy (LSE:DEC)(NYSE:DEC), it has been selected by the U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency (EPA) for a $5 million award to adapt Pioneer's Emission Control Treater™ (ECT) technology to eliminate flaring and emissions at marginal conventional wells (MCWs). This technology will be demonstrated by Diversified Energy Company at their field locations in East.
Positive
Zacks Investment Research
3 weeks ago
Diversified Energy Announces Expansion in Appalachian Basin
DEC announces acquisition of producing and midstream assets from Summit Natural Resources for $45M in the Appalachian basin.
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