Chord Energy (NASDAQ:CHRD – Free Report) had its price objective lifted by Truist Financial from $224.00 to $229.00 in a research report report published on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.
Other analysts have also issued reports about the company. Wells Fargo & Company assumed coverage on Chord Energy in a research report on Wednesday, November 15th. They issued an overweight rating and a $189.00 target price for the company. Mizuho lifted their price target on Chord Energy from $188.00 to $189.00 and gave the company a buy rating in a research note on Thursday. Royal Bank of Canada reiterated an outperform rating and set a $180.00 price target on shares of Chord Energy in a research note on Tuesday, November 21st. Stifel Nicolaus cut their price target on Chord Energy from $183.00 to $178.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. Finally, Bank of America downgraded Chord Energy from a buy rating to an underperform rating and cut their target price for the stock from $177.00 to $165.00 in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Chord Energy presently has an average rating of Moderate Buy and an average target price of $186.00.
View Our Latest Stock Report on CHRD
Chord Energy Stock Down 3.0 %
Shares of NASDAQ:CHRD opened at $162.86 on Thursday. The firm has a market cap of $6.72 billion, a P/E ratio of 6.92 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. Chord Energy has a 12-month low of $117.05 and a 12-month high of $175.20. The business has a fifty day simple moving average of $159.82 and a 200 day simple moving average of $160.70.
Insiders Place Their Bets
In related news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $165.00, for a total value of $495,000.00. Following the sale, the chief financial officer now owns 128,209 shares in the company, valued at $21,154,485. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chord Energy news, CFO Michael H. Lou sold 6,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $169.80, for a total value of $1,018,800.00. Following the completion of the sale, the chief financial officer now directly owns 170,835 shares in the company, valued at $29,007,783. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael H. Lou sold 3,000 shares of Chord Energy stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $165.00, for a total transaction of $495,000.00. Following the transaction, the chief financial officer now owns 128,209 shares of the company’s stock, valued at $21,154,485. The disclosure for this sale can be found here. Insiders have sold a total of 13,250 shares of company stock worth $2,180,938 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.
Institutional Investors Weigh In On Chord Energy
Hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in Chord Energy by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,436 shares of the company’s stock worth $3,896,000 after buying an additional 1,098 shares during the period. Barclays PLC lifted its stake in Chord Energy by 140.9% in the 4th quarter. Barclays PLC now owns 100,875 shares of the company’s stock worth $16,768,000 after purchasing an additional 59,000 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Chord Energy during the 4th quarter valued at about $455,000. Vident Advisory LLC raised its position in shares of Chord Energy by 66.1% during the 4th quarter. Vident Advisory LLC now owns 4,769 shares of the company’s stock valued at $793,000 after buying an additional 1,897 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Chord Energy during the 4th quarter valued at about $3,432,000. Institutional investors own 97.76% of the company’s stock.
About Chord Energy
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. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.
Further Reading
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