Chord Energy Co. (NASDAQ:CHRD – Get Free Report) 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.
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.
Check Out Our Latest Stock Analysis on CHRD
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.
Read More
- Five stocks we like better than Chord Energy
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Retail Earnings: Value, Caution, and Luxury in a Shifting Market
- Using the MarketBeat Dividend Yield Calculator
- Is YETI Stock an Outlier or a Sign of a Strong Brand?
- High Flyers: 3 Natural Gas Stocks for March 2022
- The Worst May Be Over for Cisco After Beating Estimates in Q4
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.