Chord Energy (NASDAQ:CHRD) Price Target Raised to $142.00

Chord Energy (NASDAQ:CHRD) had its price objective boosted by UBS Group from $119.00 to $142.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on CHRD. Wells Fargo & Company cut their price target on shares of Chord Energy from $113.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Piper Sandler lowered their price objective on Chord Energy from $160.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Citigroup downgraded Chord Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $97.00 in a research note on Wednesday, January 14th. Pickering Energy Partners lowered Chord Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 9th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $114.00 target price on shares of Chord Energy in a research note on Friday, January 16th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Chord Energy currently has an average rating of “Hold” and a consensus target price of $125.91.

Chord Energy Stock Up 1.7%

Chord Energy stock opened at $121.36 on Thursday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 192.63 and a beta of 0.84. Chord Energy has a 52-week low of $79.83 and a 52-week high of $122.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.06. The firm has a 50 day moving average price of $99.42 and a two-hundred day moving average price of $97.58.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $3.49 EPS. The company’s quarterly revenue was down 19.6% on a year-over-year basis. Equities analysts predict that Chord Energy will post 15.59 EPS for the current year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, March 12th will be paid a $1.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.20 annualized dividend and a dividend yield of 4.3%. Chord Energy’s dividend payout ratio (DPR) is currently 825.40%.

Insider Transactions at Chord Energy

In related news, CAO Lara J. Kroll sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total transaction of $568,300.00. Following the transaction, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at approximately $1,013,960.86. This represents a 35.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Browning Kinney sold 1,801 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total value of $205,962.36. Following the transaction, the executive vice president directly owned 20,188 shares in the company, valued at approximately $2,308,699.68. This trade represents a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Chord Energy

A number of institutional investors have recently modified their holdings of CHRD. WealthCollab LLC grew its position in Chord Energy by 90.6% in the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 145 shares during the period. Quent Capital LLC bought a new position in shares of Chord Energy in the third quarter valued at $32,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Chord Energy by 91.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Chord Energy during the third quarter valued at about $46,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Chord Energy by 360.3% during the fourth quarter. TD Private Client Wealth LLC now owns 580 shares of the company’s stock valued at $54,000 after buying an additional 454 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy News Roundup

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: UBS raised its price target to $142 and maintained a Buy — a sizable institutional upgrade that likely supported buying interest. Read More.
• Positive Sentiment: Piper Sandler boosted its target to $158 and kept an Overweight rating; the firm cited oil-supply risk as a tailwind for names like CHRD. Read More.
• Neutral Sentiment: Citigroup raised its target to $120 but kept a Neutral rating — the higher target narrows upside, but the neutral stance mutes the bullish signal. Read More.
• Neutral Sentiment: Analyst roundup: a Benzinga “Expert Outlook” summarizes 10 analyst views (mixed ratings and targets), giving context to the recent upgrades versus some hold/sell opinions. Read More.
• Neutral Sentiment: Reported short-interest data in feeds shows a reporting glitch (0 shares / NaN); not actionable until exchanges update official figures.
• Negative Sentiment: Insider selling: EVP Shannon Browning Kinney sold ~1,801 shares for ~$205,962 (avg ~$114.36) — disclosed on Form 4; insider sales can sap sentiment. Read More.
• Negative Sentiment: Another insider sale: CAO Lara Kroll sold 5,000 shares at ~$113.66 (SEC filing), trimming her position significantly. Read More.
• Negative Sentiment: Q4: CHRD beat EPS on lower expenses but showed year-over-year revenue and production declines and declared a $1.30 quarterly dividend (annualized $5.20). The very high reported payout ratio raises sustainability questions for the dividend. Read More.

About Chord Energy

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.