Chord Energy (NASDAQ:CHRD) Sets New 1-Year Low – Should You Sell?

Shares of Chord Energy Co. (NASDAQ:CHRD) reached a new 52-week low during trading on Monday . The stock traded as low as $109.59 and last traded at $110.73, with a volume of 75507 shares. The stock had previously closed at $110.83.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Chord Energy in a report on Thursday, September 5th. They set a “hold” rating and a $160.00 price target on the stock. Mizuho reduced their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. UBS Group lowered their price objective on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a report on Monday, December 9th. Royal Bank of Canada reduced their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on Chord Energy from $175.00 to $176.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.55.

Chord Energy Stock Up 0.2 %

The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 4.79 and a beta of 0.96. The business has a fifty day simple moving average of $125.72 and a two-hundred day simple moving average of $144.22. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned $5.04 EPS. Chord Energy’s quarterly revenue was up 33.4% compared to the same quarter last year. Equities analysts expect that Chord Energy Co. will post 16.5 EPS for the current year.

Chord Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s payout ratio is 25.75%.

Insider Buying and Selling

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00. Following the sale, the chief accounting officer now directly owns 20,488 shares in the company, valued at $2,484,579.76. This represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chord Energy

Several institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC increased its stake in shares of Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after buying an additional 162 shares in the last quarter. Stone House Investment Management LLC bought a new stake in Chord Energy during the 3rd quarter worth about $26,000. UMB Bank n.a. increased its position in Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 101 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Chord Energy in the second quarter worth about $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Chord Energy by 125.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock worth $41,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

About Chord Energy

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.