Diversified Energy (NYSE:DEC) Given New $27.00 Price Target at Truist Financial

Diversified Energy (NYSE:DEC) had its target price upped by investment analysts at Truist Financial from $21.00 to $27.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 57.43% from the company’s current price.

Diversified Energy Stock Down 2.1 %

Shares of Diversified Energy stock opened at $17.15 on Monday. The stock’s fifty day simple moving average is $15.07 and its 200 day simple moving average is $13.79. Diversified Energy has a 12 month low of $10.54 and a 12 month high of $17.70.

Institutional Investors Weigh In On Diversified Energy

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in Diversified Energy in the 2nd quarter worth $1,983,000. Rhumbline Advisers acquired a new position in shares of Diversified Energy during the second quarter worth about $927,000. Jupiter Asset Management Ltd. grew its holdings in shares of Diversified Energy by 77.5% during the second quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company’s stock worth $34,973,000 after buying an additional 1,150,794 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Diversified Energy in the 2nd quarter valued at approximately $189,000. Finally, Hsbc Holdings PLC bought a new stake in Diversified Energy in the 2nd quarter valued at approximately $219,000. Institutional investors own 26.51% of the company’s stock.

About Diversified 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.