Diversified Energy, traded as DEC on the NYSE, has captured investors’ attention with an upgraded price target from $18.00 to $19.00 by KeyCorp analysts. With an “overweight” rating and an enticing 11.63% potential upside from its current price, the stock’s appeal continues to grow. Adding to the optimism, Truist Financial has taken a bolder stance, raising its price projection to $27.00 and reiterating a confident “buy” recommendation.
Recently, the stock demonstrated resilience with a 2.0% gain, closing at $17.02 and nearing its one-year high of $17.70. Its simple moving averages of $15.17 over fifty days and $13.81 over two hundred days reflect sustained growth. Diversified Energy’s performance has been further validated by increasing institutional interest. Notably, Jupiter Asset Management Ltd. boosted its holdings by an impressive 77.5% in the second quarter. Other prominent investors, including M&G PLC and The Manufacturers Life Insurance Company, have similarly expanded their stakes, signalling strong confidence in the company’s trajectory.
Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.
