Chord Energy (NASDAQ:CHRD) Receives New Coverage from Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Chord Energy (NASDAQ:CHRDFree Report) in a research report released on Monday, StockNewsAPI reports. The firm issued an outperform rating and a $230.00 price objective on the stock.

Other analysts have also issued reports about the company. Royal Bank of Canada boosted their price objective on Chord Energy from $180.00 to $200.00 and gave the company an outperform rating in a research note on Monday, April 29th. Truist Financial reduced their target price on Chord Energy from $228.00 to $226.00 and set a buy rating for the company in a report on Monday. Piper Sandler increased their price target on shares of Chord Energy from $231.00 to $233.00 and gave the stock an overweight rating in a report on Friday, May 24th. Stifel Nicolaus raised their price objective on shares of Chord Energy from $178.00 to $211.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Finally, Mizuho upped their target price on shares of Chord Energy from $195.00 to $214.00 and gave the stock a buy rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Chord Energy has a consensus rating of Moderate Buy and a consensus target price of $200.40.

View Our Latest Stock Analysis on Chord Energy

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $176.76 on Monday. The firm has a market capitalization of $7.37 billion, a PE ratio of 8.29 and a beta of 1.05. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $180.82 and a two-hundred day moving average price of $168.00. Chord Energy has a twelve month low of $143.69 and a twelve month high of $190.23.

Chord Energy (NASDAQ:CHRDGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.75 by $0.35. Chord Energy had a net margin of 22.67% and a return on equity of 16.57%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $771.87 million. During the same period last year, the firm earned $4.50 EPS. Chord Energy’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts forecast that Chord Energy will post 22.61 EPS for the current year.

Chord Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be issued a $2.94 dividend. This represents a $11.76 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Tuesday, May 21st. Chord Energy’s payout ratio is 23.46%.

Institutional Trading of Chord Energy

A number of hedge funds have recently made changes to their positions in CHRD. Rise Advisors LLC bought a new position in Chord Energy in the first quarter valued at $31,000. Contravisory Investment Management Inc. boosted its holdings in shares of Chord Energy by 48.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 259 shares of the company’s stock worth $43,000 after purchasing an additional 85 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Chord Energy by 306.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 293 shares of the company’s stock valued at $49,000 after purchasing an additional 221 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Chord Energy by 67.6% during the 4th quarter. Lindbrook Capital LLC now owns 305 shares of the company’s stock valued at $51,000 after purchasing an additional 123 shares during the last quarter. Finally, Viking Fund Management LLC raised its holdings in shares of Chord Energy by 40.0% during the 4th quarter. Viking Fund Management LLC now owns 350 shares of the company’s stock valued at $58,000 after buying an additional 100 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Chord Energy (NASDAQ:CHRD)

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.