FY2025 EPS Estimates for Chord Energy Lifted by Scotiabank

Chord Energy Corporation (NASDAQ:CHRD) – Equities researchers at Scotiabank upped their FY2025 earnings estimates for shares of Chord Energy in a research report issued to clients and investors on Friday, November 28th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings per share of $9.85 for the year, up from their prior forecast of $9.35. Scotiabank has a “Sector Perform” rating and a $120.00 price target on the stock. The consensus estimate for Chord Energy’s current full-year earnings is $15.59 per share.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.11. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Chord Energy had a net margin of 3.31% and a return on equity of 8.27%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.40 EPS.

Several other brokerages also recently commented on CHRD. UBS Group cut their target price on Chord Energy from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Roth Capital started coverage on Chord Energy in a research report on Monday, October 13th. They set a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company upped their target price on Chord Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Mizuho decreased their target price on shares of Chord Energy from $152.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Finally, Wall Street Zen downgraded shares of Chord Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $137.69.

Chord Energy Stock Performance

Shares of Chord Energy stock opened at $92.60 on Monday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 35.62 and a beta of 0.92. Chord Energy has a twelve month low of $79.83 and a twelve month high of $129.32. The company’s fifty day moving average is $93.03 and its 200 day moving average is $99.19. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Institutional Trading of Chord Energy

Several hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new position in Chord Energy during the third quarter worth $91,434,000. Orion Porfolio Solutions LLC raised its stake in shares of Chord Energy by 6,714.2% in the second quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock worth $68,675,000 after purchasing an additional 698,680 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Chord Energy by 210.5% in the second quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock valued at $71,110,000 after purchasing an additional 497,789 shares in the last quarter. Nuveen LLC bought a new position in shares of Chord Energy in the first quarter valued at approximately $36,837,000. Finally, Barclays PLC boosted its position in shares of Chord Energy by 186.2% during the third quarter. Barclays PLC now owns 501,170 shares of the company’s stock valued at $49,801,000 after buying an additional 326,054 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Samantha Holroyd acquired 1,250 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $85.50 per share, for a total transaction of $106,875.00. Following the completion of the acquisition, the director directly owned 17,706 shares in the company, valued at $1,513,863. The trade was a 7.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be issued a $1.30 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $5.20 annualized dividend and a yield of 5.6%. Chord Energy’s dividend payout ratio is presently 200.00%.

Chord Energy Company Profile

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.