Diversified Energy Company PLC with ticker (LON:DEC) now has a potential upside of 130.0% 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 76 GBX at opening today (10/10/2023) indicates a potential upside of 130.0%. Trading has ranged between 65 (52 week low) and 138 (52 week high) with an average of 4,897,637 shares exchanging hands daily. The market capitalisation at the time of writing is £742,763,462.
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 130.0% potential upside indicated by Peel Hunt Limited
- Written by: Charlotte Edwards
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Latest Company News
Diversified Energy is expanding its strategy through Anadarko drilling while continuing to pursue acquisition opportunities in the Permian Basin.
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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.
Diversified Energy has confirmed early-stage discussions regarding a possible acquisition of Birch Resources. No agreement has been reached, and there is no certainty that a transaction will proceed.
Diversified Energy is expanding its Oklahoma development platform while selling non-core assets, reducing debt and maintaining shareholder returns.
