Why These Energy Stocks are Gaining This Week

7. Diversified Energy Company PLC (NYSE:DEC)

Share Price Gains Between Nov 7 – Nov 14: 10.5%

Diversified Energy Company PLC (NYSE:DEC) responsibly produces, transports, and markets primarily natural gas and natural gas liquids from existing assets in the United States.

Diversified Energy Company PLC (NYSE:DEC) announced impressive results for its third quarter on November 3, with the company delivering a YoY increase of approximately 105% in revenue and 157% in free cash flow, demonstrating its ability to generate substantial value in volatile markets. The uptick comes on the back of 36% YoY growth in production, in addition to higher prices. DEC also updated its FY 2025 adjusted EBITDA guidance to $900 million to $925 million, up from $825 million to $875 million previously.

Following the impressive Q3 performance, Citi analyst Paul Diamond raised the firm’s price target on Diversified Energy Company PLC (NYSE:DEC) from $16 to $17 on November 13, while maintaining a ‘Buy’ rating on its shares. Moreover, the analyst highlighted the company’s strengthening balance sheet, as well as its increasing inorganic growth options.

Diversified Energy Company PLC (NYSE:DEC) also received a boost from the recent surge in natural gas prices, with US natural gas futures rising to a multi-year high on the back of cold weather forecasts for December, as well as the record increase in LNG exports.