Chord Energy (NASDAQ:CHRD) Price Target Raised to $158.00

Chord Energy (NASDAQ:CHRD) had its price target lifted by Piper Sandler from $151.00 to $158.00 in a research report sent to investors on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on CHRD. William Blair started coverage on Chord Energy in a report on Friday, November 21st. They set an “outperform” rating for the company. Pickering Energy Partners downgraded Chord Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 9th. Scotiabank reissued a “sector perform” rating and set a $114.00 price objective on shares of Chord Energy in a research note on Friday, January 16th. Mizuho set a $148.00 target price on shares of Chord Energy in a report on Friday, January 9th. Finally, UBS Group lifted their target price on shares of Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chord Energy has a consensus rating of “Hold” and an average target price of $125.91.

Chord Energy Stock Performance

Chord Energy stock opened at $121.36 on Thursday. The firm has a fifty day simple moving average of $99.42 and a two-hundred day simple moving average of $97.58. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Chord Energy has a twelve month low of $79.83 and a twelve month high of $122.46. The company has a market capitalization of $6.90 billion, a PE ratio of 192.63 and a beta of 0.84.

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

Chord Energy Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total value of $568,300.00. Following the sale, the chief accounting officer directly owned 8,921 shares in the company, valued at approximately $1,013,960.86. This trade represents a 35.92% decrease in their position. The sale 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 business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were 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 $2,308,699.68. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WealthCollab LLC lifted its position in shares of Chord Energy by 90.6% in the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 145 shares during the period. Quent Capital LLC purchased a new position in shares of Chord Energy during the third quarter valued at about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Chord Energy by 91.2% during 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 during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Chord Energy in the third quarter worth about $46,000. Finally, TD Private Client Wealth LLC raised its stake in Chord Energy by 360.3% in the fourth quarter. TD Private Client Wealth LLC now owns 580 shares of the company’s stock worth $54,000 after buying an additional 454 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

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.

Chord Energy Company Profile

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.