Chord Energy Co. (CHRD) To Go Ex-Dividend on August 21st

Chord Energy Co. (NASDAQ:CHRD) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Wednesday, August 21st will be given a dividend of 1.25 per share on Thursday, September 5th. This represents a $5.00 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, August 21st.

Chord Energy has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chord Energy to earn $21.88 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 22.9%.

Chord Energy Stock Down 0.8 %

NASDAQ:CHRD opened at $153.10 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $166.38 and a 200-day moving average of $170.37. The firm has a market capitalization of $6.38 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.01. Chord Energy has a 52 week low of $145.53 and a 52 week high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a net margin of 22.67% and a return on equity of 16.57%. The company had revenue of $902.70 million for the quarter, compared to analyst estimates of $982.43 million. During the same quarter in the prior year, the firm earned $3.65 EPS. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. Analysts predict that Chord Energy will post 20.85 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on CHRD shares. Royal Bank of Canada lifted their price objective on shares of Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Citigroup cut their price target on Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Piper Sandler reduced their price objective on Chord Energy from $234.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday. Mizuho raised their target price on Chord Energy from $195.00 to $214.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, BMO Capital Markets began coverage on Chord Energy in a research report on Monday, June 3rd. They set an “outperform” rating and a $230.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.00.

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.