Diversified Energy Company PLC with ticker (LON:DEC) now has a potential upside of 114.7% according to Peel Hunt Limited.
Peel Hunt Limited set a target price of 175 GBX for the company, which when compared to the Diversified Energy Company PLC share price of 82 GBX at opening today (29/09/2023) indicates a potential upside of 114.7%. Trading has ranged between 79 (52 week low) and 138 (52 week high) with an average of 3,205,302 shares exchanging hands daily. The market capitalisation at the time of writing is £786,702,193.
Diversified Energy Company PLC (Diversified) is an independent energy company. The Company is engaged in the production, marketing, and transportation of natural gas and associated liquids from its complementary onshore upstream and midstream assets, primarily located within the Appalachian and Central Regions of the United States. Its asset base is comprised of approximately 67,000 conventional and unconventional natural gas, natural gas liquids, and oil-producing wells. The Company’s portfolio consists of the production of primarily natural gas from mid-life assets within Appalachia and Diversified’s Central Region. Its midstream and marketing have its portfolio contains approximately 17,000 miles of gathering and transportation lines and associated compression stations located throughout its operating footprint. The Company’s operations are located in Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas and Louisiana.
Diversified Energy Company PLC 114.7% potential upside indicated by Peel Hunt Limited
- Written by: Charlotte Edwards
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Latest Company News
Diversified Energy’s $1.8 billion Birch acquisition will increase Permian production, expand its oil and liquids exposure and add a large portfolio of producing assets and infrastructure.
The acquisition of Birch Permian will increase Diversified Energy’s production by an estimated 35% and Adjusted EBITDA by about 55%, while establishing a larger operated position in the Permian Basin.
Diversified Energy is expanding its strategy through Anadarko drilling while continuing to pursue acquisition opportunities in the Permian Basin.
Diversified Energy expands its growth strategy with operated drilling as Tennyson Securities maintains its 2,000p target price.
US natural gas is entering a stronger seasonal setup as heat, slower storage growth and recovering LNG demand improve the market balance.
Diversified Energy is in early talks to acquire Birch Resources, a potential deal that could further expand its Permian Basin position and add another major transaction to its acquisition-led strategy.
