Chord Energy FY2024 EPS Decreased by Capital One Financial

Chord Energy Co. (NASDAQ:CHRD) – Investment analysts at Capital One Financial dropped their FY2024 earnings estimates for Chord Energy in a research note issued to investors on Tuesday, January 21st. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $16.02 per share for the year, down from their prior forecast of $16.15. The consensus estimate for Chord Energy’s current full-year earnings is $15.64 per share. Capital One Financial also issued estimates for Chord Energy’s Q4 2024 earnings at $2.81 EPS, Q1 2025 earnings at $2.95 EPS, Q2 2025 earnings at $3.50 EPS, Q3 2025 earnings at $3.65 EPS, Q4 2025 earnings at $3.57 EPS, FY2025 earnings at $13.67 EPS and FY2026 earnings at $14.87 EPS.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results 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 the consensus estimate of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.04 EPS.

CHRD has been the topic of a number of other research reports. Wells Fargo & Company reduced their price objective on Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Bank of America restated a “neutral” rating and set a $138.00 price target (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Morgan Stanley started coverage on shares of Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price objective for the company. Piper Sandler reduced their target price on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, BMO Capital Markets dropped their price target on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.08.

Chord Energy Price Performance

Shares of CHRD stock opened at $122.11 on Thursday. Chord Energy has a twelve month low of $109.59 and a twelve month high of $190.23. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $121.93 and a 200 day simple moving average of $136.66. The company has a market cap of $7.46 billion, a P/E ratio of 6.29, a P/E/G ratio of 6.19 and a beta of 0.99.

Institutional Investors Weigh In On Chord Energy

A number of hedge funds have recently made changes to their positions in the business. Delta Capital Management LLC lifted its position in Chord Energy by 4.3% in the fourth quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock valued at $257,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC raised its holdings in Chord Energy by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock valued at $54,000 after buying an additional 97 shares during the last quarter. Commerce Bank boosted its position in Chord Energy by 4.3% during the 3rd quarter. Commerce Bank now owns 2,361 shares of the company’s stock valued at $307,000 after buying an additional 98 shares during the period. New York State Teachers Retirement System grew its holdings in Chord Energy by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock worth $3,552,000 after acquiring an additional 100 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 101 shares during the period. 97.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now owns 19,488 shares in the company, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.09%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s payout ratio is 25.75%.

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.