Chord Energy Co. (CHRD) To Go Ex-Dividend on November 27th

Chord Energy Co. (NASDAQ:CHRD) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 1.25 per share on Thursday, December 12th. This represents a $5.00 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, November 27th.

Chord Energy has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chord Energy to earn $16.06 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 31.1%.

Chord Energy Trading Down 1.1 %

CHRD traded down $1.44 during midday trading on Friday, hitting $131.42. 105,108 shares of the company were exchanged, compared to its average volume of 879,635. The firm’s 50 day moving average price is $132.59 and its 200-day moving average price is $156.69. Chord Energy has a 1-year low of $123.30 and a 1-year high of $190.23. The firm has a market capitalization of $8.13 billion, a P/E ratio of 6.84, a P/E/G ratio of 4.86 and a beta of 0.98. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. Chord Energy’s revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.04 earnings per share. As a group, equities analysts forecast that Chord Energy will post 17.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CHRD shares. Citigroup dropped their target price on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Jefferies Financial Group initiated coverage on Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 target price on the stock. Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Wolfe Research assumed coverage on Chord Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Chord Energy in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.18.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, Director Samantha Holroyd acquired 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the purchase, the director now owns 14,417 shares of the company’s stock, valued at approximately $2,155,485.67. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

About Chord Energy

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.