Chord Energy (NASDAQ:CHRD – Free Report) had its price objective cut by Truist Financial from $228.00 to $226.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the stock.
CHRD has been the subject of several other reports. Royal Bank of Canada increased their price objective on Chord Energy from $180.00 to $200.00 and gave the company an outperform rating in a research report on Monday, April 29th. Piper Sandler raised their price target on shares of Chord Energy from $231.00 to $233.00 and gave the stock an overweight rating in a research report on Friday, May 24th. Stifel Nicolaus boosted their price objective on shares of Chord Energy from $178.00 to $211.00 and gave the stock a buy rating in a report on Tuesday, February 27th. Finally, Mizuho increased their target price on shares of Chord Energy from $195.00 to $214.00 and gave the company a buy rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $200.40.
Read Our Latest Report on Chord Energy
Chord Energy Stock Performance
Shares of CHRD opened at $176.76 on Monday. The company has a market capitalization of $7.37 billion, a PE ratio of 8.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.14 and a quick ratio of 1.07. Chord Energy has a one year low of $143.69 and a one year high of $190.23. The company’s fifty day moving average price is $180.82 and its 200 day moving average price is $168.00.
Chord Energy (NASDAQ:CHRD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.75 by $0.35. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $771.87 million. During the same period in the previous year, the company posted $4.50 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, analysts expect that Chord Energy will post 22.61 earnings per share for the current year.
Chord Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $2.94 per share. This represents a $11.76 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Tuesday, May 21st. Chord Energy’s dividend payout ratio is 23.46%.
Institutional Investors Weigh In On Chord Energy
Several large investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in Chord Energy in the 1st quarter valued at $31,000. Contravisory Investment Management Inc. boosted its stake in shares of Chord Energy by 48.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 259 shares of the company’s stock valued at $43,000 after purchasing an additional 85 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Chord Energy by 306.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 293 shares of the company’s stock worth $49,000 after purchasing an additional 221 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Chord Energy by 67.6% during the 4th quarter. Lindbrook Capital LLC now owns 305 shares of the company’s stock worth $51,000 after purchasing an additional 123 shares in the last quarter. Finally, Viking Fund Management LLC lifted its holdings in Chord Energy by 40.0% during the 4th quarter. Viking Fund Management LLC now owns 350 shares of the company’s stock valued at $58,000 after purchasing an additional 100 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors.
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.
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Source: defenseworld.net
