Chord Energy (NASDAQ:CHRD) Sets New 12-Month High on Analyst Upgrade

Chord Energy Corporation (NASDAQ:CHRD)’s stock price hit a new 52-week high during mid-day trading on Tuesday after Truist Financial upgraded the stock to a strong-buy rating. The stock traded as high as $136.29 and last traded at $136.4170, with a volume of 148112 shares trading hands. The stock had previously closed at $130.75.

Several other equities research analysts also recently weighed in on CHRD. UBS Group raised their price target on Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Weiss Ratings raised shares of Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Pickering Energy Partners cut shares of Chord Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, January 9th. Piper Sandler boosted their target price on shares of Chord Energy from $158.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Wells Fargo & Company upped their price target on shares of Chord Energy from $109.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $134.42.

Insider Transactions at Chord Energy

In related news, Director Douglas E. Brooks sold 2,126 shares of Chord Energy stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $120.28, for a total transaction of $255,715.28. Following the completion of the sale, the director owned 25,181 shares of the company’s stock, valued at $3,028,770.68. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Shannon Browning Kinney sold 1,801 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total value of $205,962.36. Following the completion of the sale, the executive vice president owned 20,188 shares in the company, valued at approximately $2,308,699.68. This represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,927 shares of company stock valued at $2,912,028 over the last three months. Company insiders own 0.70% of the company’s stock.

Key Chord Energy News

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

• Positive Sentiment: Truist/Truist Securities initiated coverage and/or upgraded Chord to a buy/strong-buy with a $169 price target (~22% upside from the recent price). This analyst action is the primary near-term catalyst lifting the stock, as buy-rated coverage from a mid‑size brokerage often brings fresh institutional attention and flows. MSN: Truist initiates coverage Benzinga: Truist coverage
• Neutral Sentiment: Several automated short-interest filings in the past 24–48 hours show inconsistent/zero values (likely data/reporting errors). These conflicting prints can create noise for traders but are not reliable signals by themselves — confirm with official exchange reports before acting.
• Negative Sentiment: Separately, more credible March data show a meaningful increase in short interest to ~4.39M shares (about 7.8% of shares outstanding) — a ~20.9% rise from late February — with a days-to-cover around 2.8. That higher short exposure can increase downward pressure or intra‑day volatility and raises the possibility of sharp moves if sentiment turns.

Institutional Trading of Chord Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its position in shares of Chord Energy by 16.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock valued at $74,000 after purchasing an additional 113 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Chord Energy by 2.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 5,306 shares of the company’s stock worth $527,000 after purchasing an additional 120 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Chord Energy by 18.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company’s stock valued at $82,000 after buying an additional 130 shares in the last quarter. WealthCollab LLC lifted its stake in 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 buying an additional 145 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Chord Energy by 3.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,325 shares of the company’s stock worth $430,000 after buying an additional 157 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Trading Up 0.9%

The company has a fifty day moving average of $108.77 and a 200-day moving average of $99.50. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 219.46 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $3.49 earnings per share. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 12th will be issued a $1.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.20 dividend on an annualized basis and a yield of 3.8%. Chord Energy’s dividend payout ratio (DPR) is presently 825.40%.

About Chord Energy

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.