Weekly Analysts’ Ratings Updates for Chord Energy (CHRD)

Chord Energy (NASDAQ: CHRD) has recently received a number of price target changes and ratings updates:

• 12/17/2024 – Chord Energy had its price target lowered by analysts at Piper Sandler from $212.00 to $194.00. They now have an “overweight” rating on the stock.
• 12/17/2024 – Chord Energy had its price target raised by analysts at Wells Fargo & Company from $175.00 to $176.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – Chord Energy had its price target lowered by analysts at Mizuho from $192.00 to $178.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Chord Energy had its price target lowered by analysts at UBS Group AG from $168.00 to $161.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Chord Energy had its price target lowered by analysts at Royal Bank of Canada from $185.00 to $180.00. They now have an “outperform” rating on the stock.
• 11/18/2024 – Chord Energy had its price target raised by analysts at Piper Sandler from $211.00 to $212.00. They now have an “overweight” rating on the stock.

Chord Energy Trading Up 1.5 %

Shares of NASDAQ CHRD traded up $1.67 during midday trading on Tuesday, reaching $113.18. The company had a trading volume of 266,733 shares, compared to its average volume of 896,893. The firm’s fifty day moving average price is $125.30 and its 200-day moving average price is $143.82. 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 Co. has a one year low of $109.59 and a one year high of $190.23. The stock has a market cap of $6.92 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 4.79 and a beta of 0.96.

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

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.42%. Chord Energy’s dividend payout ratio (DPR) is 25.75%.

Insiders Place Their Bets

In related news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the transaction, the chief accounting officer now owns 19,488 shares in the company, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chord Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC boosted its stake in shares of Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 162 shares during the period. Stone House Investment Management LLC purchased a new position in shares of Chord Energy during the third quarter valued at approximately $26,000. UMB Bank n.a. grew its stake in shares of Chord Energy by 77.7% during the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after buying an additional 101 shares during the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of Chord Energy in the third quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Chord Energy during the 2nd quarter valued at $40,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

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.