Diversified Energy initiated overweight at Stephens on valuation vs. natural gas peers
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Diversified Energy (DEC) saw a 1.9% increase in trading after Stephens initiated coverage with an Overweight rating and a $24 price target. The firm noted DEC's shares are undervalued compared to its natural gas peers. Analyst Mike Scialla highlighted DEC's strong growth potential through asset optimization and joint ventures, alongside a ~7% annualized dividend yield. Although DEC's leverage is higher than average, most debt is asset-backed and non-recourse, reducing risk at the parent level.
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