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Wall Street Analysts Think Diversified Energy Company PLC (DEC) Is a Good Investment: Is It?
ZACKS· 2025-01-15 15:31
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. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Diversified Energy Company PLC (DEC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Diversified ...
Diversified Energy Announces Expansion in Appalachian Basin
ZACKS· 2025-01-08 11:55
Diversified Energy Company PLC (DEC) recently announced the acquisition of natural gas properties and midstream facilities across Virginia, West Virginia and Alabama from Summit Natural Resources. The $45 million deal will be funded by the company through cash in hand and current liquidity.The deal will add 300 producing wells and 265 coal mine methane wells to DEC’s portfolio, providing significant synergies with the company’s existing Appalachian operations. The acquired assets contribute a current net pr ...
CSE Bulletin: Expiry - Eat Well Investment Group Inc. 23DEC2024 Warrants (EWG.WT)
Newsfile· 2024-12-23 17:39
Warrant Expiration and Delisting - Eat Well Investment Group Inc 23DEC2024 warrants listed on April 26 2022 will expire on December 23 2024 [3][4] - The warrants will be delisted at market close on December 23 2024 [5][6] - The symbol for the warrants is EWG WT [5]
Diversified Energy Company PLC (DEC) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2024-12-19 15:30
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?Let's take a look at what these Wall Street heavyweights have to say about Diversified Energy Company PLC (DEC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Diversified Energy Co ...
JCDecaux and JOJ Media House Group decide not to pursue the merger of their OOH activities in Slovakia
Globenewswire· 2024-12-13 16:40
Core Viewpoint - JCDecaux and JOJ Media House Group have mutually agreed not to proceed with the merger of their outdoor advertising activities in Slovakia [1][2]. Company Overview - JCDecaux SE is the number one outdoor advertising company worldwide, with a 2023 revenue of €3,570.0 million and H1 2024 revenue of €1,807.6 million [3]. - The company has a daily audience of 850 million people across more than 80 countries and operates 1,056,833 advertising panels globally [3]. - JCDecaux is present in 3,918 cities with populations exceeding 10,000 and employs 11,650 people [3]. - The company is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes [3]. Environmental and Social Performance - JCDecaux's carbon reduction trajectory has been approved by the Science Based Targets initiative (SBTi), and the company is part of the Euronext Paris CAC® SBT 1.5° index [3]. - The company has received recognition for its extra-financial performance, including a score of 3.8/5 from FTSE4Good, an A rating from CDP, AAA from MSCI, and a score of 13.7 from Sustainalytics, along with Gold Medal status from EcoVadis [3]. - JCDecaux is the first outdoor media company to join the RE100 initiative, promoting renewable energy [3]. Market Leadership - JCDecaux is a leader in various segments of outdoor advertising, including: - Street furniture with 630,196 advertising panels [3]. - Transport advertising, operating in 153 airports and holding 258 contracts in metros, buses, trains, and tramways, totaling 319,081 advertising panels [3]. - Billboards, ranking number one in Europe with 85,743 advertising panels worldwide [3]. - Outdoor advertising in Europe (708,620 panels), Asia-Pacific (165,292 panels), Latin America (91,682 panels), Africa (25,337 panels), and the Middle East (21,300 panels) [3].
Decade Resources Closes Flow Through Private Placement for Total Gross Proceeds of $945,000
Newsfile· 2024-12-05 22:01
Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising total gross proceeds of $945,000 [2][3] - The private placement involved the issuance of 18,900,000 flow-through units at a price of 5 cents per unit, each unit consisting of one flow-through common share and one transferable non-flow-through common share purchase warrant [3] - The proceeds will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's properties in British Columbia [4] Financial Details - The total gross proceeds from the private placement amount to $945,000 [3] - The company paid cash finder's fees totaling $64,400 and issued 1,288,000 warrants at a price of $0.08 to the finders, with the warrants being exercisable for a 24-month period [5] - Each warrant allows for the purchase of one additional common share at a price of $0.08 per share [3][5] Regulatory Information - All issued securities are subject to a statutory hold period of four months, expiring on April 4, 2025, in accordance with applicable securities laws [4]
Diversified Energy Company(DEC) - 2024 Q3 - Earnings Call Transcript
2024-11-15 18:52
Financial Data and Key Metrics Changes - Average net daily production reached approximately 830 million cubic feet equivalent per day, marking the first quarter where over 50% of produced volumes were from the Central region [30] - Total revenue for the quarter was $239 million, with adjusted EBITDA of $115 million, representing a 50% adjusted EBITDA margin [31] - Free cash flow for the quarter was $47 million, and net debt stood at approximately $1.6 billion [32] Business Line Data and Key Metrics Changes - The company has closed approximately $585 million in acquisitions year-to-date, resulting in over 15% growth in production without incremental general and administrative expenses [19][30] - The recent acquisition of East Texas assets is expected to contribute an estimated next 12 months EBITDA of $19 million, reflecting a 3.5 times cash flow purchase multiple [21] Market Data and Key Metrics Changes - Over 50% of production is now in the central region, aligning with the growing LNG demand [23] - The company has announced a multiyear contract with a Gulf Coast LNG exporter, highlighting the reliability of its low-decline production base [25] Company Strategy and Development Direction - The company focuses on acquiring and optimizing undervalued energy assets, aiming to minimize traditional exploration and production risks while delivering consistent free cash flow [7][10] - The strategy includes systematic debt reduction, returning capital to shareholders, and pursuing strategic acquisitions [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the coal mine methane capture initiative, indicating potential for further development and revenue growth [60] - The company remains committed to its asset retirement obligations, with plans to double the required annual retirements [62] Other Important Information - The company has maintained a consistent average cash margin of over 50% since its IPO, attributed to high capital efficiency and an effective hedging program [16] - Approximately 65% of the company's 8.6 million net acres are undeveloped, representing significant untapped value [27] Q&A Session Summary Question: Update on coal mine methane - Management believes there is an opportunity to further develop coal mine methane revenue, with no significant impact expected from potential regulatory changes [60] Question: Asset retirement progress and election impact - Management indicated that operations will continue as planned, with hopes for regulatory improvements under the new administration [62] Question: Expectations for asset sales next year - Management stated that asset sales are opportunistic and depend on drilling activity in various basins, with a focus on maximizing value from held acreage [66][67] Question: Joint development opportunities - Management noted potential for joint development but emphasized the importance of capital allocation and market conditions [70] Question: EBITDA from coal mine methane and Cherokee formation popularity - Approximately 80%-85% of the expected EBITDA from coal mine methane has been realized year-to-date, with the Cherokee formation gaining popularity due to increased interest in new drilling opportunities [76]
Diversified Energy Company(DEC) - 2024 Q3 - Earnings Call Presentation
2024-11-13 18:52
Energy Optimized Third Quarter 2024 Results November 12, 2024 The information contained in this document (the "Presentation") has been prepared by Diversified Energy Company PLC ("Diversified" or the "Company"). This Presentation is for general information purposes only and does not constitute an invitation or inducement to any person to engage in investment activity. While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, ...
Should Diversified Energy Stock Be in Your Portfolio Ahead of Q3 Earnings?
ZACKS· 2024-11-08 16:15
Diversified Energy Company Plc (DEC) is slated to report third-quarter 2024 results on Nov. 12, before market open. See the Zacks Earnings Calendar to stay ahead of market-making news. The Zacks Consensus Estimate for revenues is pegged at $258.5 million, while that for earnings is pinned at 30 cents per share. The bottom-line estimate has moved down 48.3% in the past 60 days.Image Source: Zacks Investment ResearchEarnings Whisper for DECOur proven model does not predict an earnings beat for Diversified Ene ...
Wall Street Analysts See Diversified Energy Company PLC (DEC) as a Buy: Should You Invest?
ZACKS· 2024-11-07 15:30
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 sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Diversified Energy Company PLC (DEC) . Diversified Energy Company PLC curr ...