Chord Energy (CHRD) Set to Announce Earnings on Tuesday

Chord Energy (NASDAQ:CHRD) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.75 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, February 21st. The company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.21. Chord Energy had a net margin of 26.27% and a return on equity of 16.35%. The business had revenue of $964.69 million during the quarter, compared to analysts’ expectations of $891.67 million. On average, analysts expect Chord Energy to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Chord Energy Stock Performance

NASDAQ CHRD opened at $175.98 on Friday. The firm has a market capitalization of $7.31 billion, a P/E ratio of 7.48 and a beta of 1.07. The company has a current ratio of 1.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $174.36 and its two-hundred day moving average price is $165.84. Chord Energy has a 1 year low of $133.61 and a 1 year high of $190.23.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th were paid a dividend of $3.25 per share. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. This represents a $13.00 annualized dividend and a dividend yield of 7.39%. Chord Energy’s payout ratio is currently 21.25%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHRD. Piper Sandler upped their price objective on Chord Energy from $219.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Truist Financial cut their price target on Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a report on Friday, April 5th. Mizuho upped their price objective on shares of Chord Energy from $189.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Stifel Nicolaus raised their target price on shares of Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada upped their price target on shares of Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.50.

Insider Buying and Selling

In related news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $165.00, for a total transaction of $495,000.00. Following the sale, the chief financial officer now owns 128,209 shares of the company’s stock, valued at $21,154,485. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

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.