Chord Energy (NASDAQ:CHRD) Price Target Raised to $212.00

Chord Energy (NASDAQ:CHRD) had its price target upped by Piper Sandler from $211.00 to $212.00 in a research note released on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. UBS Group started coverage on shares of Chord Energy in a report on Wednesday, October 16th. They issued a “buy” rating and a $168.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Chord Energy in a report on Friday, September 20th. Truist Financial decreased their price objective on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Jefferies Financial Group started coverage on Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chord Energy has an average rating of “Moderate Buy” and an average target price of $190.27.

Chord Energy Trading Up 2.4 %

NASDAQ:CHRD opened at $130.33 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy has a 1 year low of $123.30 and a 1 year high of $190.23. The company has a market cap of $7.97 billion, a P/E ratio of 6.71, a P/E/G ratio of 5.02 and a beta of 0.98. The stock’s fifty day moving average price is $131.20 and its two-hundred day moving average price is $154.15.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). The firm had revenue of $1.12 billion for 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 business’s revenue was up 33.4% on a year-over-year basis. During the same period last year, the company posted $5.04 EPS. As a group, analysts expect that Chord Energy will post 16.8 EPS for the current year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 3.84%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Insider Activity

In other news, Director Samantha Holroyd acquired 500 shares of Chord Energy stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the transaction, the director now owns 14,417 shares in the company, valued at $2,155,485.67. The trade was a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Chord Energy

Institutional investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC increased its position in Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after buying an additional 162 shares in the last quarter. Stone House Investment Management LLC bought a new position in Chord Energy during the third quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 101 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Chord Energy in the 2nd quarter worth $40,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock worth $41,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Chord Energy Company Profile

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.