Chord Energy Corporation (NASDAQ:CHRD) Stock Has Consensus Price Target of $172.00

Shares of Chord Energy Corporation (NASDAQ:CHRD) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $174.54.

Several research analysts recently weighed in on the company. UBS Group upped their price target on Chord Energy from $193.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets restated an “outperform” rating on shares of Chord Energy in a research report on Monday, June 29th. Truist Financial lifted their target price on Chord Energy from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Scotiabank began coverage on Chord Energy in a research note on Wednesday, October 14th. They set a “sector outperform” rating and a $192.00 target price on the stock. Finally, Roth Capital reiterated a “buy” rating and issued a $165.00 target price on shares of Chord Energy in a report on Monday.

Insider Activity

In other Chord Energy news, EVP Shannon Kinney sold 4,019 shares of Chord Energy stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the sale, the executive vice president directly owned 13,560 shares in the company, valued at $1,898,400. The trade was a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Samantha Mckinney sold 9,750 shares of Chord Energy stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the completion of the sale, the director directly owned 7,280 shares of the company’s stock, valued at approximately $1,091,563.20. The trade was a 57.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,969 shares of company stock worth $3,389,599 in the last three months. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Chord Energy by 63.8% in the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Chord Energy by 330.9% in the second quarter. Versant Capital Management Inc now owns 237 shares of the company’s stock worth $27,000 after purchasing an additional 182 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Chord Energy in the first quarter worth about $29,000. Alpine Bank Wealth Management bought a new position in shares of Chord Energy in the third quarter worth about $29,000. Finally, Root Financial Partners LLC lifted its position in shares of Chord Energy by 178.6% during the 1st quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Trading Down 0.9%

Shares of CHRD stock opened at $150.85 on Thursday. The stock has a 50-day simple moving average of $144.33 and a 200 day simple moving average of $136.93. The stock has a market capitalization of $8.25 billion, a P/E ratio of 10.11 and a beta of 0.59. Chord Energy has a fifty-two week low of $84.25 and a fifty-two week high of $157.06. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.55 by ($0.11). The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%. The company’s quarterly revenue was up 128.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 EPS. On average, sell-side analysts expect that Chord Energy will post 22.27 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Thursday, August 20th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $5.20 dividend on an annualized basis and a yield of 3.4%. Chord Energy’s dividend payout ratio (DPR) is presently 34.85%.

Key Chord Energy News

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

• Positive Sentiment: UBS raised its price target to $197 from $193 and maintained a Buy rating, implying substantial potential upside based on the referenced market price. The target increase is a direct positive catalyst for CHRD. Chord Energy price target raised by UBS
• Positive Sentiment: Zacks cited favorable earnings-estimate revisions as evidence that Chord Energy may continue its recent upward momentum, potentially improving expectations ahead of its next results. Why Chord Energy Might Be Well Poised for a Surge
• Positive Sentiment: CHRD was added to several Zacks Rank #1 Strong Buy lists on October 21, including growth, value, income and momentum screens. The repeated inclusion highlights favorable quantitative characteristics across multiple investment styles. New Strong Buy Stocks for October 21
• Neutral Sentiment: Commentary also describes Chord Energy as a growth, value and momentum candidate, while a separate article discusses whether the company is undervalued under new CEO Michael Lou. These are supportive themes but largely reiterate existing investment factors rather than announce new operating developments. Is Chord Energy Undervalued as New CEO Takes Charge?
• Neutral Sentiment: Investors are approaching an earnings catalyst. Chord Energy’s prior quarter included strong revenue growth but a slight EPS miss, so future results and guidance could determine whether the recent bullish estimates are validated. Strong Buy Growth Stocks Before Earnings

Chord Energy Company Profile

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.