Chord Energy (NASDAQ:CHRD – Free Report) had its price objective lifted by Truist Financial from $224.00 to $229.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reissued an outperform rating and issued a $180.00 price objective on shares of Chord Energy in a report on Tuesday, November 21st. Stifel Nicolaus decreased their target price on Chord Energy from $183.00 to $178.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Bank of America cut Chord Energy from a buy rating to an underperform rating and decreased their target price for the company from $177.00 to $165.00 in a research report on Friday, January 5th. Wells Fargo & Company began coverage on Chord Energy in a research note on Wednesday, November 15th. They set an overweight rating and a $189.00 price target on the stock. Finally, Mizuho lifted their price objective on Chord Energy from $188.00 to $189.00 and gave the stock a buy rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $186.00.
Get Our Latest Analysis on Chord Energy
Chord Energy Stock Down 3.0 %
CHRD opened at $162.86 on Thursday. The firm’s 50-day simple moving average is $159.82 and its 200-day simple moving average is $160.70. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 6.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.02. Chord Energy has a twelve month low of $117.05 and a twelve month high of $175.20.
Insider Activity
In related news, CFO Michael H. Lou sold 6,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $169.80, for a total transaction of $1,018,800.00. Following the transaction, the chief financial officer now directly owns 170,835 shares of the company’s stock, valued at approximately $29,007,783. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Chord Energy news, CFO Michael H. Lou sold 6,000 shares of Chord Energy stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $169.80, for a total value of $1,018,800.00. Following the transaction, the chief financial officer now directly owns 170,835 shares of the company’s stock, valued at approximately $29,007,783. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Korus sold 1,250 shares of Chord Energy stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $163.75, for a total value of $204,687.50. Following the completion of the transaction, the director now directly owns 11,573 shares in the company, valued at $1,895,078.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,250 shares of company stock worth $2,180,938. 0.52% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Chord Energy
A number of large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its position in shares of Chord Energy by 0.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,246 shares of the company’s stock worth $1,985,000 after buying an additional 67 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Chord Energy by 15.4% in the 3rd quarter. Fifth Third Bancorp now owns 526 shares of the company’s stock worth $85,000 after buying an additional 70 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Chord Energy by 0.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 11,956 shares of the company’s stock worth $1,938,000 after buying an additional 70 shares during the last quarter. Xponance Inc. grew its position in shares of Chord Energy by 1.3% in the 4th quarter. Xponance Inc. now owns 6,070 shares of the company’s stock worth $1,009,000 after buying an additional 77 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Chord Energy by 87.5% in the 2nd quarter. Signaturefd LLC now owns 180 shares of the company’s stock worth $28,000 after buying an additional 84 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors.
Chord Energy Company Profile
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.
Recommended Stories
Receive News & Ratings for Chord Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chord Energy and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
