Diversified Energy Company PLC (DEC)
Diversified Energy: On A Solid Growth Trajectory Following Acquisitions
I am raising my rating to buy for Diversified Energy Company due to strategic acquisitions poised to boost profitability and operational capacity. DEC's Q3 2024 revenue grew 10.83% YoY to $239.05 million, with a 12.68% increase in adjusted EBITDA and a 32% TTM free cash flow yield. The acquisition of Maverick Natural Resources will expand DEC's presence in the Anadarko and Permian Basins, potentially increasing revenue by 95% and free cash flow by 55%.
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?
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.
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.
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.
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.
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.
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.
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.
Diversified Energy Announces Strategic Bolt-on Acquisition of Complementary Producing & Midstream Assets in the Appalachian Basin
Production Economics Expected to Benefit from Diversified's Regional Presence and Scale Acquisition Grows Coal Mine Methane Revenue Generation Potential BIRMINGHAM, AL / ACCESSWIRE / January 6, 2025 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) ("Diversified" or the "Company") is pleased to announce the acquisition of operated natural gas properties and related facilities located within Virginia, West Virginia, and Alabama (the "Assets") from Summit Natural Resources (the "Seller") (together with the assets, the "Acquisition"). Transaction Highlights Purchase price of ~$45 million, to be fully funded through cash on hand and current liquidity Current net production of ~12 MMcfepd (2 Mboepd)(a) PDP Reserves of 65 Bcfe (11 MMBoe) with PV-10 of ~$55 million(b) Purchase price equivalent of ~PV-16(b) Estimated 2025 Adj.
Diversified Energy Company to acquire gas assets in West Virginia and Alabama
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced its first acquisition of 2025, picking up natural gas assets in West Virginia and Alabama for $45 million. The assets, gas fields and related facilities, are being acquired from Summit Natural Resources – the package includes coal mine methane, with opportunities to extend production in the future.
Diversified Energy Company PLC (DEC) Is Considered a Good Investment by Brokers: Is That True?
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?
