Diversified Energy Co PLC

Diversified Energy Co. Plc engages in the production and distribution of natural gas and crude oil. It focuses on assets of Appalachian Basin of the United States of America. The company was founded by Robert Russell Hutson Jr. in 2001 and is headquartered in Birmingham, AL.

Investors interested in DEC should wait for a better entry point, considering the downward revision in its third-quarter earnings estimate and dismal share price performance.

Should Diversified Energy Stock Be in Your Portfolio Ahead of Q3 Earnings?

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?

Wall Street Analysts See Diversified Energy Company PLC (DEC) as a Buy: Should You Invest?

BIRMINGHAM, AL / ACCESSWIRE / October 31, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") is pleased to announce that the Company plans to publish its Trading Statement for the three months ended September 30, 2024 (the "3Q24Trading Statement") on Tuesday, November 12, 2024. The Company will host a conference call that day at 1:00 PM GMT (8:00 AM EST) to discuss the 3Q24Trading Statement and will make an audio replay of the event available shortly thereafter.

Diversified Energy Announces Timing of Third Quarter 2024 Results

DEC deals with an LNG supply facility for export, aiming to enhance energy security and bolster cash flow through a hedging program.

Diversified Energy's Gulf Coast Deal to Expand LNG Reach

BIRMINGHAM, AL / ACCESSWIRE / October 30, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") announces the closing of its previously announced acquisition of operated natural gas properties located within eastern Texas (the "Assets") from a regional operator (the "Seller") (the "Acquisition"). Acquisition Highlights Total gross purchase price of $69 million before customary purchase price adjustments $68 million for high working-interest PDP asset package $1 million for residual (5%) interest of retained undeveloped acreage Acquisition net purchase price of $49 million after customary purchase price adjustments PDP reserves of ~70 Bcfe (~12 MMBoe) and a PDP PV10 of ~$89 million(a) Current net production of 21 MMcfepd (~4 MBoepd)(b) Estimated NTM Adjusted EBITDA of ~$19 million million(c) Purchase price multiple of ~3.5x(c) (gross) As previously announced, the net consideration for the Acquisition consists of a combination of the issuance of 2,342,445 new US-dollar denominated ordinary shares to the Seller (the "New Shares"), and cash consideration of $22 million, drawing from a senior secured bank facility supported by the acquired assets and existing liquidity.

Diversified Energy Closes Acquisition of East Texas Assets

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) told investors it has completed its acquisition of operated natural gas assets in East Texas, for a gross headline figure of $69 million. The net price, after adjustments, was confirmed by the company as $49 million.

Diversified Energy Company completes asset acquisition in East Texas

Represents an Additional Option to Reduce Commodity Price Risk and Enhance Margins Continuing to Add to 2025-2027 Natural Gas Hedges Advantageously BIRMINGHAM, AL / ACCESSWIRE / October 23, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") is pleased to announce the execution of a supply agreement with a major Gulf Coast LNG facility to provide natural gas to export. Under the terms of the agreement, Diversified will provide approximately 40 Bcf of natural gas under a fixed pricing construct indexed to Gulf Coast pricing for a period of three years, beginning in November 2024.

Diversified Announces Natural Gas Supply Contract with Major Gulf Coast LNG Facility

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has signed a gas supply agreement with a major LNG facility located on the Gulf Coast. Under the terms of the agreement, Diversified will deliver approximately 40 billion cubic feet (Bcf) of natural gas over the next three years, starting in November 2024.

Diversified Energy Company inks LNG supply deal on Gulf Coast

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is It Worth Investing in Diversified Energy Company PLC (DEC) Based on Wall Street's Bullish Views?

Diversified Energy Company focuses on acquiring low-decline, cash-flowing wells, avoiding exploration risks and CapEx-intensive developments, making it an attractive cash flow machine. Over the past ~ 5 years, DEC has expanded its free cash flow base in a consistent manner, by conducting M&A and deleveraging the balance sheet. Yet, at the same time, the valuations have gone down. Currently, the TTM EV/EBITDA is below 5x. This renders the dividend yield enticing at ~ 9.6%.

Diversified Energy: 9.6% Yield And Strong Fundamentals Make A Sound Tactical Investment

One should refrain from investing in DEC right now, considering its dismal share price performance year to date. Those who own it may continue to do so.

Diversified Energy Stock Plunges 22% YTD: Should You Buy the Dip?

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Diversified Energy Company CEO Rusty Hutson Jr. recently talked with Proactive about the company's significant achievements in the first half of 2024.

Diversified Energy discusses $410mln acquisition and 2024 strategy - ICYMI

Diversified Energy Company PLC (DEC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -17.85% in 4 Weeks, Here's Why You Should You Buy the Dip in Diversified Energy Company PLC (DEC)

Diversified Energy Company PLC (DEC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Diversified Energy Company PLC (DEC) Moves to Strong Buy: Rationale Behind the Upgrade

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MPW, DEC, IDR, EVLV and SBSI have been added to the Zacks Rank #1 (Strong Buy) List on September 3, 2024.

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DEC, PBAM and SBSI made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 3, 2024.

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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.

Is Diversified Energy Company PLC (DEC) a Buy as Wall Street Analysts Look Optimistic?

Diversified Energy (DEC) states that the acquisition of natural gas properties in east Texas should expand its presence in the region, resulting in increased operational scale and enhanced margins.

Diversified Energy (DEC) Acquires East Texas Assets Worth $69M

Represents Second East Texas Bolt-On Addition of PDP Production in 2024 and Further Increases Scale in Central Region Joint Acquisition Partner to Directly Purchase Undeveloped Acreage BIRMINGHAM, AL / ACCESSWIRE / August 20, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") is pleased to announce the execution of a conditional purchase and sale agreement for the acquisition of operated natural gas properties located within eastern Texas (the "Assets") from a regional operator (the "Seller") (the "Acquisition"). Notably, the Assets contain a significant Proved Developed Producing ("PDP") component, approximately $68 million, which will be purchased by Diversified.

Diversified Energy Announces Joint Acquisition to Acquire Package of High-Quality East Texas Assets

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has further increased its footprint in East Texas, acquiring interests in a package of assets. The acquisition, priced at $68 million, will add 21 million cubic feet per day (4,000 barrels oil equivalent) of production and 70 billion cubic feet (12mln barrels oil equivalent) of Proved Developed Producing (PDP) reserves to Diversified's portfolio.

News for Diversified Energy Co PLC Stock (DEC)