Chord Energy (NASDAQ:CHRD) Sets New 12-Month High Following Analyst Upgrade

Chord Energy Corporation (NASDAQ:CHRD) shares reached a new 52-week high on Monday after Citigroup raised their price target on the stock from $97.00 to $120.00. Citigroup currently has a neutral rating on the stock. Chord Energy traded as high as $125.67 and last traded at $124.13, with a volume of 619311 shares trading hands. The stock had previously closed at $121.36.

A number of other research firms have also recently commented on CHRD. Wells Fargo & Company decreased their price target on Chord Energy from $113.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, January 27th. Morgan Stanley cut their target price on Chord Energy from $123.00 to $114.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Pickering Energy Partners downgraded Chord Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, January 9th. Jefferies Financial Group set a $99.00 price target on Chord Energy in a report on Saturday, January 17th. Finally, Piper Sandler upped their price target on Chord Energy from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.91.

Insider Transactions at Chord Energy

In other news, Director Douglas E. Brooks sold 2,126 shares of Chord Energy stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $120.28, for a total value of $255,715.28. Following the sale, the director directly owned 25,181 shares of the company’s stock, valued at approximately $3,028,770.68. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lara J. Kroll sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at approximately $1,013,960.86. The trade was a 35.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 8,927 shares of company stock valued at $1,029,978. 0.70% of the stock is currently owned by insiders.

Key Headlines Impacting Chord Energy

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

• Positive Sentiment: UBS raised its price target on CHRD to $142, signaling stronger analyst conviction about the company’s outlook — a direct positive for investor sentiment and buys. UBS Raises CHRD Price Target
• Positive Sentiment: Another outlet reports a raised price target to $120, adding to the cluster of upward revisions that support current momentum. Price Target Raised to $120
• Neutral Sentiment: A Yahoo Finance piece outlines shifting investment narratives and conflicting analyst assumptions for CHRD — useful context for understanding why some analysts differ but not an immediate buy/sell signal. How The CHRD Investment Story Is Shifting
• Neutral Sentiment: The Globe and Mail notes a rating update from a top analyst; specifics matter (upgrade vs. reiteration) but the mention reinforces why analyst flows are moving the stock. Rating Update from a Top Analyst
• Neutral Sentiment: Reported short-interest data appears anomalous (zeros/NaN). Current figures look unreliable, so short-interest-driven moves are unlikely until corrected data is available.
• Negative Sentiment: Significant insider selling: the company’s CAO sold about $568,300 of CHRD stock — a potentially negative signal that may raise governance/insider-confidence questions. CAO Insider Sale
• Negative Sentiment: Director Douglas E. Brooks sold 2,126 shares (~7.8% reduction in his reported transaction), which can weigh on sentiment when paired with other insider sales. Director Insider Sale (SEC Filing)
• Negative Sentiment: Coverage highlighting management’s comment that the company has returned more to shareholders than its current market value (the “$6.7B” framing) raises concerns about capital allocation and valuation that could cap upside. $6.7B Statement on Shareholder Returns

Institutional Investors Weigh In On Chord Energy

Large investors have recently bought and sold shares of the business. Citigroup Inc. raised its position in Chord Energy by 31.1% during the third quarter. Citigroup Inc. now owns 111,590 shares of the company’s stock valued at $11,089,000 after purchasing an additional 26,499 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Chord Energy in the 3rd quarter worth approximately $91,434,000. Wedge Capital Management L L P NC bought a new position in shares of Chord Energy during the 3rd quarter valued at approximately $13,092,000. AlphaQuest LLC increased its position in shares of Chord Energy by 1,576.7% during the 3rd quarter. AlphaQuest LLC now owns 27,933 shares of the company’s stock valued at $2,776,000 after purchasing an additional 26,267 shares during the last quarter. Finally, Creative Planning raised its holdings in Chord Energy by 37.5% during the 2nd quarter. Creative Planning now owns 21,111 shares of the company’s stock valued at $2,045,000 after buying an additional 5,754 shares during the period. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The business has a 50-day moving average of $100.06 and a 200-day moving average of $97.69. The company has a market capitalization of $7.00 billion, a P/E ratio of 195.59 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 earnings per share 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $3.49 earnings per share. The business’s revenue was down 19.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, March 12th. Chord Energy’s dividend payout ratio is presently 825.40%.

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.