Brokerages Set Chord Energy Corporation (NASDAQ:CHRD) Price Target at $123.92

Shares of Chord Energy Corporation (NASDAQ:CHRD) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $125.9091.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Chord Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Pickering Energy Partners cut Chord Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 9th. Jefferies Financial Group set a $99.00 price objective on Chord Energy in a research note on Saturday, January 17th. UBS Group increased their price objective on Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley dropped their target price on Chord Energy from $123.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd.

Chord Energy Stock Up 1.7%

CHRD stock opened at $121.36 on Wednesday. The company has a fifty day moving average price of $99.42 and a 200 day moving average price of $97.54. Chord Energy has a 12 month low of $79.83 and a 12 month high of $122.46. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 192.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. Chord Energy’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 EPS. Sell-side analysts expect that Chord Energy will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, March 12th. Chord Energy’s dividend payout ratio (DPR) is 825.40%.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 1,801 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total transaction of $205,962.36. Following the completion of the transaction, the executive vice president owned 20,188 shares in the company, valued at approximately $2,308,699.68. This represents a 8.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lara J. Kroll sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total transaction of $568,300.00. Following the completion of the sale, the chief accounting officer owned 8,921 shares of the company’s stock, valued at $1,013,960.86. This trade represents a 35.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in shares of Chord Energy by 31.1% in the 3rd quarter. Citigroup Inc. now owns 111,590 shares of the company’s stock valued at $11,089,000 after buying an additional 26,499 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Chord Energy during the third quarter worth $91,434,000. Wedge Capital Management L L P NC purchased a new position in Chord Energy in the third quarter worth $13,092,000. AlphaQuest LLC raised its position in Chord Energy by 1,576.7% in the third quarter. AlphaQuest LLC now owns 27,933 shares of the company’s stock worth $2,776,000 after acquiring an additional 26,267 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in Chord Energy by 22.9% in the second quarter. Westwood Holdings Group Inc. now owns 214,680 shares of the company’s stock worth $20,792,000 after acquiring an additional 39,980 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

More Chord Energy News

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: UBS raised its price target to $142 and maintained a Buy — a sizable institutional upgrade that likely supported buying interest. Read More.
• Positive Sentiment: Piper Sandler boosted its target to $158 and kept an Overweight rating; the firm cited oil-supply risk as a tailwind for names like CHRD. Read More.
• Neutral Sentiment: Citigroup raised its target to $120 but kept a Neutral rating — the higher target narrows upside, but the neutral stance mutes the bullish signal. Read More.
• Neutral Sentiment: Analyst roundup: a Benzinga “Expert Outlook” summarizes 10 analyst views (mixed ratings and targets), giving context to the recent upgrades versus some hold/sell opinions. Read More.
• Neutral Sentiment: Reported short-interest data in feeds shows a reporting glitch (0 shares / NaN); not actionable until exchanges update official figures.
• Negative Sentiment: Insider selling: EVP Shannon Browning Kinney sold ~1,801 shares for ~$205,962 (avg ~$114.36) — disclosed on Form 4; insider sales can sap sentiment. Read More.
• Negative Sentiment: Another insider sale: CAO Lara Kroll sold 5,000 shares at ~$113.66 (SEC filing), trimming her position significantly. Read More.
• Negative Sentiment: Q4: CHRD beat EPS on lower expenses but showed year-over-year revenue and production declines and declared a $1.30 quarterly dividend (annualized $5.20). The very high reported payout ratio raises sustainability questions for the dividend. Read More.

Chord Energy Company Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.