Chord Energy (NASDAQ:CHRD – Get Rating) had its target price dropped by equities researchers at Piper Sandler from $213.00 to $204.00 in a research report issued on Thursday, The Fly reports. Piper Sandler’s price target points to a potential upside of 38.80% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Bank of America began coverage on Chord Energy in a research report on Wednesday, January 25th. They issued a “buy” rating and a $178.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Chord Energy from $182.00 to $185.00 in a research report on Thursday, April 27th. Mizuho lowered their price target on shares of Chord Energy from $196.00 to $179.00 in a report on Friday, March 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $190.00 price objective on shares of Chord Energy in a report on Thursday, March 30th. Finally, Truist Financial lowered their target price on Chord Energy from $252.00 to $246.00 in a research note on Monday, May 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.25.
Chord Energy Stock Up 0.9 %
Shares of CHRD opened at $146.97 on Thursday. Chord Energy has a fifty-two week low of $93.35 and a fifty-two week high of $181.34. The company’s fifty day moving average is $137.41 and its two-hundred day moving average is $139.95. The firm has a market cap of $6.11 billion, a PE ratio of 3.48, a price-to-earnings-growth ratio of 0.32 and a beta of 1.36. The company has a quick ratio of 1.13, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.
Chord Energy (NASDAQ:CHRD – Get Rating) last issued its earnings results on Wednesday, February 22nd. The company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.89 by ($0.61). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $875.33 million. Chord Energy had a net margin of 43.37% and a return on equity of 23.51%. Analysts forecast that Chord Energy will post 23.17 earnings per share for the current year.
Insider Transactions at Chord Energy
In related news, Director Lynn A. Peterson sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $140.56, for a total transaction of $421,680.00. Following the sale, the director now directly owns 235,098 shares of the company’s stock, valued at approximately $33,045,374.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 9,000 shares of company stock worth $1,282,590. 0.52% of the stock is currently owned by corporate insiders.
Institutional Trading of Chord Energy
A number of institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in shares of Chord Energy during the 4th quarter valued at about $13,387,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Chord Energy during the fourth quarter valued at approximately $760,000. MGO One Seven LLC acquired a new stake in shares of Chord Energy during the 4th quarter worth approximately $345,000. Mackay Shields LLC bought a new stake in shares of Chord Energy in the 4th quarter worth approximately $18,888,000. Finally, SummerHaven Investment Management LLC acquired a new position in Chord Energy during the 4th quarter valued at approximately $1,017,000. 93.47% of the stock is owned by institutional investors and hedge funds.
Chord Energy Company Profile
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Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. The company was founded in 2007 and is headquartered in Houston, Texas.
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