Chord Energy (NASDAQ:CHRD) Research Coverage Started at Citigroup

Stock analysts at Citigroup started coverage on shares of Chord Energy (NASDAQ:CHRD) in a research note issued on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $195.00 price target on the stock. Citigroup’s price target suggests a potential upside of 14.11% from the company’s current price.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets began coverage on Chord Energy in a research report on Monday, June 3rd. They set an “outperform” rating and a $230.00 price objective on the stock. Mizuho increased their price target on Chord Energy from $195.00 to $214.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Royal Bank of Canada increased their price target on Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Piper Sandler increased their price target on Chord Energy from $231.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Finally, Truist Financial decreased their price target on Chord Energy from $228.00 to $226.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $205.00.

Chord Energy Trading Up 0.7 %

Shares of CHRD stock opened at $170.89 on Monday. The firm has a market capitalization of $7.12 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.87 and a beta of 1.01. Chord Energy has a twelve month low of $145.06 and a twelve month high of $190.23. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $175.14 and its 200 day simple moving average is $169.16.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.75 by $0.35. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $771.87 million. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. Chord Energy’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.50 EPS. As a group, sell-side analysts predict that Chord Energy will post 22.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Chord Energy

Several large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new stake in Chord Energy during the second quarter worth approximately $348,000. GAMMA Investing LLC grew its stake in Chord Energy by 151.6% during the second quarter. GAMMA Investing LLC now owns 317 shares of the company’s stock worth $53,000 after purchasing an additional 191 shares during the period. Westwood Holdings Group Inc. grew its stake in Chord Energy by 28.0% during the first quarter. Westwood Holdings Group Inc. now owns 137,411 shares of the company’s stock worth $24,492,000 after purchasing an additional 30,077 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Chord Energy during the first quarter worth approximately $72,000. Finally, Boston Partners grew its stake in Chord Energy by 107.0% during the first quarter. Boston Partners now owns 1,305,942 shares of the company’s stock worth $232,813,000 after purchasing an additional 674,965 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

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.