Chord Energy (NASDAQ:CHRD) PT Raised to $211.00

Chord Energy (NASDAQ:CHRD) had its price objective boosted by equities research analysts at Piper Sandler from $206.00 to $211.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 64.39% from the company’s current price.

A number of other brokerages have also recently weighed in on CHRD. Wolfe Research started coverage on shares of Chord Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Bank of America lifted their target price on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. BMO Capital Markets lowered their target price on Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company lowered their target price on Chord Energy from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Finally, Truist Financial lowered their target price on Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $190.18.

Chord Energy Stock Performance

CHRD stock opened at $128.35 on Tuesday. Chord Energy has a 1 year low of $126.38 and a 1 year high of $190.23. The stock’s fifty day moving average is $140.35 and its two-hundred day moving average is $162.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 4.92 and a beta of 0.97.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The company had revenue of $902.70 million for the quarter, compared to the consensus estimate of $982.43 million. During the same quarter in the prior year, the firm earned $3.65 earnings per share. Chord Energy’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, research analysts predict that Chord Energy will post 17.93 EPS for the current year.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of the stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $149.51 per share, with a total value of $74,755.00. Following the purchase, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Chord Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Hexagon Capital Partners LLC grew its stake in Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after acquiring an additional 162 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after buying an additional 101 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Chord Energy during the 1st quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chord Energy during the 2nd quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Chord Energy by 125.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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.