Weekly Investment Analysts’ Ratings Updates for Chord Energy (CHRD)

Several analysts have recently updated their ratings and price targets for Chord Energy (NASDAQ: CHRD):

• 10/16/2024 – Chord Energy had its price target lowered by analysts at Wells Fargo & Company from $185.00 to $180.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Chord Energy is now covered by analysts at UBS Group AG. They set a “buy” rating and a $168.00 price target on the stock.
• 10/15/2024 – Chord Energy was upgraded by analysts at Siebert Williams Shank to a “strong-buy” rating.
• 10/15/2024 – Chord Energy had its price target raised by analysts at Piper Sandler from $206.00 to $211.00. They now have an “overweight” rating on the stock.
• 10/4/2024 – Chord Energy had its price target lowered by analysts at BMO Capital Markets from $205.00 to $175.00. They now have an “outperform” rating on the stock.
• 10/1/2024 – Chord Energy had its price target lowered by analysts at Wells Fargo & Company from $200.00 to $185.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Chord Energy had its price target lowered by analysts at Truist Financial Co. from $223.00 to $185.00. They now have a “buy” rating on the stock.
• 9/20/2024 – Chord Energy had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock.
• 9/5/2024 – Chord Energy had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock.
• 9/5/2024 – Chord Energy is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $160.00 price target on the stock.

Chord Energy Stock Down 1.1 %

CHRD traded down $1.49 during midday trading on Wednesday, reaching $128.50. The company’s stock had a trading volume of 392,815 shares, compared to its average volume of 880,589. Chord Energy Co. has a 1 year low of $126.38 and a 1 year high of $190.23. The stock’s 50-day moving average is $138.11 and its 200-day moving average is $161.08. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 5.04 and a beta of 0.97. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $5.00 by ($0.31). Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The company had revenue of $902.70 million during the quarter, compared to analysts’ expectations of $982.43 million. During the same quarter in the previous year, the company earned $3.65 EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, research analysts expect that Chord Energy Co. will post 17.07 EPS for the current year.

Chord Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 21st. This represents a $5.00 dividend on an annualized basis and a yield of 3.89%. Chord Energy’s dividend payout ratio is currently 23.46%.

Insiders Place Their Bets

In other Chord Energy news, Director Samantha Holroyd acquired 500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $149.51 per share, with a total value of $74,755.00. Following the transaction, the director now owns 14,417 shares of the company’s stock, valued at $2,155,485.67. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Chord Energy

Hedge funds have recently bought and sold shares of the business. Tectonic Advisors LLC boosted its position in Chord Energy by 6.1% in the third quarter. Tectonic Advisors LLC now owns 8,267 shares of the company’s stock worth $1,077,000 after purchasing an additional 478 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Chord Energy by 48.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 10,697 shares of the company’s stock worth $1,393,000 after purchasing an additional 3,487 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Chord Energy by 62.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,338 shares of the company’s stock worth $695,000 after acquiring an additional 2,046 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Chord Energy by 330.0% during the third quarter. Private Advisor Group LLC now owns 5,512 shares of the company’s stock valued at $718,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Spartan Fund Management Inc. bought a new stake in Chord Energy in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.