Chord Energy Corporation (NASDAQ:CHRD) Receives $138.92 Average Target Price from Analysts

Shares of Chord Energy Corporation (NASDAQ:CHRD) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $141.8333.

A number of equities research analysts recently weighed in on CHRD shares. Weiss Ratings raised Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Wells Fargo & Company upped their price target on Chord Energy from $109.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Jefferies Financial Group set a $99.00 price objective on Chord Energy in a research report on Saturday, January 17th. Scotiabank raised Chord Energy to a “hold” rating in a report on Friday, March 27th. Finally, Zacks Research upgraded Chord Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th.

Chord Energy Price Performance

NASDAQ:CHRD opened at $142.18 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. Chord Energy has a one year low of $79.83 and a one year high of $148.41. The company has a fifty day moving average price of $112.95 and a 200 day moving average price of $100.60. The stock has a market cap of $8.06 billion, a P/E ratio of 225.68 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business posted $3.49 EPS. The business’s quarterly revenue was down 19.6% on a year-over-year basis. Analysts anticipate that Chord Energy will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 12th were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, March 12th. This represents a $5.20 dividend on an annualized basis and a yield of 3.7%. Chord Energy’s payout ratio is currently 825.40%.

Insider Buying and Selling at Chord Energy

In other news, Director Douglas E. Brooks sold 2,126 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $120.28, for a total value of $255,715.28. Following the completion of the transaction, the director owned 25,181 shares in the company, valued at approximately $3,028,770.68. This represents a 7.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Shannon Browning Kinney sold 1,801 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total transaction of $205,962.36. Following the transaction, the executive vice president directly owned 20,188 shares of the company’s stock, valued at $2,308,699.68. The trade was a 8.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 23,927 shares of company stock worth $2,912,028. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors have recently added to or reduced their stakes in CHRD. WealthCollab LLC grew its stake in shares of Chord Energy by 90.6% in the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 145 shares during the period. Quent Capital LLC bought a new position in shares of Chord Energy during the 3rd quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Chord Energy in the 3rd quarter valued at $46,000. Rockefeller Capital Management L.P. grew its position in Chord Energy by 213.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 501 shares of the company’s stock valued at $47,000 after acquiring an additional 341 shares during the period. Finally, Triumph Capital Management bought a new stake in Chord Energy in the third quarter valued at $56,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy News Roundup

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: Morgan Stanley upgraded CHRD, a clear buy-side signal that can attract institutional demand and support the stock’s momentum. Chord Energy (NASDAQ:CHRD) Upgraded at Morgan Stanley
• Positive Sentiment: Zacks reports that earnings estimates for CHRD are moving higher — upward estimate revisions often precede price gains as sell-side forecasts converge on stronger expected earnings. Earnings Estimates Moving Higher for Chord Energy Corporation (CHRD): Time to Buy?
• Positive Sentiment: CHRD is being highlighted as a momentum/near-52-week-high name across several Zacks pieces and other outlets — inclusion on momentum lists can draw momentum and quant flows. 4 Stocks Trading Near 52-Week High With More Upside Potential
• Positive Sentiment: Chord hit a yearly high amid Nasdaq‑100 momentum, signaling broader index flows may have helped push the stock higher before today’s pullback. Chord Energy (NASDAQ:CHRD) Hits Yearly High Amid Nasdaq 100 Index Momentum
• Positive Sentiment: Zacks added CHRD to its Zacks Rank #1 income stocks list, which may attract income- and dividend-focused investors. Best Income Stocks to Buy for March 31st
• Neutral Sentiment: Citigroup lifted its price target to $155 from $120 (implying further upside) but kept a “neutral” rating — the higher target is supportive, but the neutral stance limits the strength of the buy recommendation. Benzinga

Chord Energy Company Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.