Citigroup Boosts Chord Energy (NASDAQ:CHRD) Price Target to $120.00

Chord Energy (NASDAQ:CHRD) had its price target hoisted by Citigroup from $97.00 to $120.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential downside of 1.12% from the company’s current price.

CHRD has been the subject of several other reports. Royal Bank Of Canada cut their target price on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Scotiabank reiterated a “sector perform” rating and issued a $114.00 price target on shares of Chord Energy in a research report on Friday, January 16th. Mizuho set a $148.00 price target on shares of Chord Energy in a research note on Friday, January 9th. Jefferies Financial Group set a $99.00 price objective on shares of Chord Energy in a research report on Saturday, January 17th. Finally, Piper Sandler upped their price objective on Chord Energy from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $125.91.

Chord Energy Trading Up 1.7%

Shares of NASDAQ:CHRD opened at $121.36 on Friday. The stock’s 50-day simple moving average is $99.42 and its two-hundred day simple moving average is $97.58. The stock has a market capitalization 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.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.17 by $0.11. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $3.49 EPS. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. Analysts expect that Chord Energy will post 15.59 EPS for the current year.

Insider Activity at Chord Energy

In other news, CAO Lara J. Kroll sold 5,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total value of $568,300.00. Following the completion of the sale, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at $1,013,960.86. This represents a 35.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shannon Browning Kinney sold 1,801 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total transaction of $205,962.36. Following the sale, the executive vice president owned 20,188 shares in the company, valued at $2,308,699.68. The trade was 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 owned by insiders.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new stake in Chord Energy during the third quarter valued at about $91,434,000. Orion Porfolio Solutions LLC lifted its position in shares of Chord Energy by 6,714.2% in the second quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock valued at $68,675,000 after acquiring an additional 698,680 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Chord Energy by 85.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,218,167 shares of the company’s stock worth $112,927,000 after acquiring an additional 561,899 shares during the period. AQR Capital Management LLC grew its position in shares of Chord Energy by 210.5% during the second quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock worth $71,110,000 after purchasing an additional 497,789 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Chord Energy by 186.2% during the third quarter. Barclays PLC now owns 501,170 shares of the company’s stock worth $49,801,000 after purchasing an additional 326,054 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Key Stories Impacting Chord Energy

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.