Recent Investment Analysts’ Ratings Changes for Chord Energy (CHRD)

Chord Energy (NASDAQ: CHRD) recently received a number of ratings updates from brokerages and research firms:

• 1/13/2025 – Chord Energy had its “neutral” rating reaffirmed by analysts at Bank of America Co.. They now have a $138.00 price target on the stock, down previously from $208.00.
• 1/13/2025 – Chord Energy had its price target raised by analysts at Truist Financial Co. from $185.00 to $186.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Chord Energy is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $158.00 price target on the stock.
• 1/3/2025 – Chord Energy was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $155.00 price target on the stock.
• 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 Stock Up 0.7 %

Shares of Chord Energy stock traded up $0.94 during trading on Tuesday, hitting $126.70. 559,010 shares of the stock traded hands, compared to its average volume of 652,750. The stock has a market cap of $7.75 billion, a P/E ratio of 6.52, a PEG ratio of 4.79 and a beta of 0.99. The company has a fifty day moving average price of $122.60 and a two-hundred day moving average price of $138.65. Chord Energy Co. has a twelve month low of $109.59 and a twelve month high of $190.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy (NASDAQ:CHRD) last posted its 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). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business’s revenue was up 33.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.04 earnings per share. Equities research analysts predict that Chord Energy Co. will post 16.5 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio is currently 25.75%.

Insider Activity at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 20,488 shares in the company, valued at $2,484,579.76. The trade was a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chord Energy

Several large investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC lifted its holdings 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 acquiring an additional 162 shares during the period. Stone House Investment Management LLC bought a new position in Chord Energy during the third quarter worth about $26,000. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 101 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Chord Energy in the 3rd quarter valued at approximately $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Chord Energy in the 2nd quarter worth approximately $40,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

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.