Wells Fargo & Company Has Lowered Expectations for Chord Energy (NASDAQ:CHRD) Stock Price

Chord Energy (NASDAQ:CHRD) had its price target cut by investment analysts at Wells Fargo & Company from $174.00 to $173.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 26.75% from the stock’s current price.

Several other equities research analysts have also recently commented on CHRD. Mizuho lifted their target price on Chord Energy from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 5th. Seaport Research Partners began coverage on Chord Energy in a research note on Thursday, September 3rd. They set a “neutral” rating on the stock. Roth Capital reiterated a “buy” rating and issued a $165.00 price target on shares of Chord Energy in a report on Monday, October 19th. Zacks Research upgraded Chord Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings raised Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Chord Energy currently has an average rating of “Moderate Buy” and a consensus price target of $174.62.

Chord Energy Stock Performance

CHRD stock opened at $136.49 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.15. The company has a 50 day moving average price of $145.42 and a 200 day moving average price of $131.87. Chord Energy has a fifty-two week low of $84.41 and a fifty-two week high of $159.96. The stock has a market capitalization of $7.47 billion, a PE ratio of 8.56 and a beta of 0.48.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $6.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $0.40. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.64 billion. Chord Energy had a return on equity of 12.54% and a net margin of 13.40%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 EPS. Analysts forecast that Chord Energy will post 23.11 EPS for the current year.

Insiders Place Their Bets

In other Chord Energy news, EVP Shannon Kinney sold 4,019 shares of Chord Energy stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.00, for a total transaction of $562,660.00. Following the completion of the sale, the executive vice president owned 13,560 shares of the company’s stock, valued at approximately $1,898,400. The trade was a 22.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Samantha Mckinney sold 9,750 shares of the company’s 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 sale, the director owned 7,280 shares of the company’s stock, valued at $1,091,563.20. The trade was a 57.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,969 shares of company stock valued at $2,324,479 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors have recently made changes to their positions in CHRD. Bessemer Group Inc. increased its position in shares of Chord Energy by 63.8% during the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock worth $27,000 after buying an additional 74 shares during the period. Unison Advisors LLC lifted its holdings in Chord Energy by 1.1% in the third quarter. Unison Advisors LLC now owns 7,712 shares of the company’s stock valued at $1,034,000 after buying an additional 84 shares during the period. Verity Asset Management Inc. lifted its holdings in Chord Energy by 3.8% in the third quarter. Verity Asset Management Inc. now owns 2,655 shares of the company’s stock valued at $356,000 after buying an additional 96 shares during the period. Signature Equity Partners LLC lifted its holdings in Chord Energy by 48.6% in the third quarter. Signature Equity Partners LLC now owns 364 shares of the company’s stock valued at $49,000 after buying an additional 119 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in Chord Energy by 3.6% during the second quarter. Concurrent Investment Advisors LLC now owns 3,514 shares of the company’s stock valued at $402,000 after acquiring an additional 121 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Chord Energy

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

• Positive Sentiment: Q3 results topped expectations. Chord reported adjusted EPS of $6.08 versus a $5.68 estimate and revenue of $1.71 billion versus $1.64 billion. Revenue rose 30% year over year, reinforcing the company’s earnings momentum. Q3 results
• Positive Sentiment: 2026 oil outlook lifted. Coverage says Chord raised its oil outlook following the strong quarter; updated production guidance for the fourth quarter and full year may also shape investor expectations. 2026 oil outlook coverage
• Positive Sentiment: Truist raised its price target to $197 from $195 and reiterated a Buy rating, signaling continued analyst confidence. Truist rating coverage
• Positive Sentiment: Dividend supports shareholder returns. The company declared a $1.30 quarterly dividend, equivalent to $5.20 annually.
• Positive Sentiment: Valuation commentary points to potential upside. A recent analysis suggests CHRD could be about 27% below fair value, though that estimate is not a guarantee of future performance. Fair value analysis
• Neutral Sentiment: Wells Fargo made a small target cut to $173 from $174, while maintaining its Overweight rating. The change is modest and the rating remains favorable. Wells Fargo rating coverage

About Chord Energy

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.