Diversified Energy price target lowered to $20 from $22 at Truist

Truist lowered the firm’s price target on Diversified Energy (DEC) to $20 from $22 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in nat-gas exploration and production. Key themes for the quarter included higher nat-gas realizations driven by Winter Storm Fern, though first-of-month vs. daily price volatility also drove higher-than-expected hedge losses for some companies, the analyst tells investors in a research note.