Diversified Energy price target raised to $22 from $17 at Citi

Citi analyst Paul Diamond raised the firm’s price target on Diversified Energy (DEC) to $22 from $17 and keeps a Buy rating on the shares. The firm updated small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi believes oil weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.”