Capital One Financial Forecasts Chord Energy FY2025 Earnings

Chord Energy Corporation (NASDAQ:CHRD) – Capital One Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Chord Energy in a report released on Wednesday, November 5th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $9.69 per share for the year, up from their prior forecast of $9.59. The consensus estimate for Chord Energy’s current full-year earnings is $15.59 per share.

Several other equities research analysts have also recently issued reports on the stock. Mizuho lowered their price objective on shares of Chord Energy from $152.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Bank of America lifted their price target on shares of Chord Energy from $112.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Piper Sandler lowered their price target on Chord Energy from $169.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Roth Capital began coverage on Chord Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chord Energy in a research report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

Chord Energy Trading Up 2.3%

NASDAQ CHRD opened at $87.40 on Monday. The stock has a market cap of $4.97 billion, a PE ratio of 33.62 and a beta of 0.92. Chord Energy has a 12 month low of $79.83 and a 12 month high of $134.54. The company’s 50-day moving average price is $97.51 and its 200-day moving average price is $99.48. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.11. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $3.40 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, November 19th. Chord Energy’s dividend payout ratio (DPR) is 200.00%.

Insider Transactions at Chord Energy

In other news, EVP Shannon Browning Kinney sold 3,019 shares of Chord Energy stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $105.43, for a total value of $318,293.17. Following the transaction, the executive vice president directly owned 14,650 shares in the company, valued at approximately $1,544,549.50. This trade represents a 17.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors have recently added to or reduced their stakes in CHRD. Geode Capital Management LLC grew its stake in Chord Energy by 1.0% in the second quarter. Geode Capital Management LLC now owns 1,890,420 shares of the company’s stock valued at $183,112,000 after purchasing an additional 19,227 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Chord Energy by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 1,337,079 shares of the company’s stock valued at $129,496,000 after buying an additional 179,209 shares in the last quarter. Sourcerock Group LLC grew its position in shares of Chord Energy by 2.1% in the 2nd quarter. Sourcerock Group LLC now owns 1,031,973 shares of the company’s stock worth $99,947,000 after buying an additional 20,916 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Chord Energy by 22.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 990,381 shares of the company’s stock worth $95,918,000 after buying an additional 180,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Chord Energy during the 3rd quarter worth approximately $91,434,000. Institutional investors own 97.76% of the company’s stock.

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.