Chord Energy (NASDAQ:CHRD) Stock Rating Raised to Strong-Buy at Zacks Research

Chord Energy (NASDAQ:CHRD) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on CHRD. Truist Financial boosted their price target on Chord Energy from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Weiss Ratings raised shares of Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Morgan Stanley upped their price target on shares of Chord Energy from $169.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $175.00 to $174.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. Finally, Jefferies Financial Group raised their price objective on shares of Chord Energy from $133.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.54.

Chord Energy Stock Performance

Shares of CHRD opened at $150.85 on Tuesday. The firm has a market capitalization of $8.25 billion, a P/E ratio of 10.11 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15. Chord Energy has a one year low of $84.25 and a one year high of $157.06. The business has a fifty day moving average of $144.33 and a 200 day moving average of $136.93.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm’s revenue was up 128.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chord Energy will post 22.27 EPS for the current year.

Insider Transactions at Chord Energy

In related news, EVP Shannon Kinney sold 4,019 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.00, for a total value of $562,660.00. Following the transaction, the executive vice president directly owned 13,560 shares of the company’s stock, valued at approximately $1,898,400. This trade represents a 22.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samantha Mckinney sold 9,750 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total value of $1,461,915.00. Following the completion of the transaction, the director directly owned 7,280 shares in the company, valued at approximately $1,091,563.20. This represents a 57.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,969 shares of company stock worth $3,389,599 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Chord Energy

Several hedge funds have recently bought and sold shares of CHRD. Bessemer Group Inc. increased its position in Chord Energy by 63.8% in the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock worth $27,000 after buying an additional 74 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Chord Energy during the 1st quarter valued at about $29,000. Alpine Bank Wealth Management purchased a new position in shares of Chord Energy during the 3rd quarter valued at about $29,000. Root Financial Partners LLC lifted its position in shares of Chord Energy by 178.6% during the 1st quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock valued at $33,000 after buying an additional 150 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Chord Energy by 330.9% during the 2nd quarter. Versant Capital Management Inc now owns 237 shares of the company’s stock valued at $27,000 after buying an additional 182 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Key Stories Impacting Chord Energy

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

• Positive Sentiment: UBS raised its price target to $197 from $193 and maintained a Buy rating, implying substantial potential upside based on the referenced market price. The target increase is a direct positive catalyst for CHRD. Chord Energy price target raised by UBS
• Positive Sentiment: Zacks cited favorable earnings-estimate revisions as evidence that Chord Energy may continue its recent upward momentum, potentially improving expectations ahead of its next results. Why Chord Energy Might Be Well Poised for a Surge
• Positive Sentiment: CHRD was added to several Zacks Rank #1 Strong Buy lists on October 21, including growth, value, income and momentum screens. The repeated inclusion highlights favorable quantitative characteristics across multiple investment styles. New Strong Buy Stocks for October 21
• Neutral Sentiment: Commentary also describes Chord Energy as a growth, value and momentum candidate, while a separate article discusses whether the company is undervalued under new CEO Michael Lou. These are supportive themes but largely reiterate existing investment factors rather than announce new operating developments. Is Chord Energy Undervalued as New CEO Takes Charge?
• Neutral Sentiment: Investors are approaching an earnings catalyst. Chord Energy’s prior quarter included strong revenue growth but a slight EPS miss, so future results and guidance could determine whether the recent bullish estimates are validated. Strong Buy Growth Stocks Before Earnings

Chord Energy Company Profile

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.