Chord Energy (NASDAQ:CHRD) Upgraded at Truist Financial

Truist Financial upgraded shares of Chord Energy (NASDAQ:CHRD) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Piper Sandler boosted their target price on Chord Energy from $158.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Citigroup increased their price target on Chord Energy from $97.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. UBS Group lifted their price objective on Chord Energy from $119.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings raised Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Finally, Pickering Energy Partners cut shares of Chord Energy from an “outperform” rating to a “neutral” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.42.

Chord Energy Stock Up 0.9%

Shares of CHRD opened at $138.26 on Monday. Chord Energy has a 52-week low of $79.83 and a 52-week high of $138.88. The company has a market capitalization of $7.84 billion, a PE ratio of 219.46 and a beta of 0.84. The stock has a fifty day simple moving average of $108.77 and a two-hundred day simple moving average of $99.50. 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 (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The business’s revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.49 EPS. As a group, equities analysts forecast 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. Investors of record on Thursday, March 12th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.8%. Chord Energy’s dividend payout ratio is 825.40%.

Insider Transactions at Chord Energy

In other Chord Energy news, 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 transaction, the executive vice president directly owned 20,188 shares of the company’s stock, valued at approximately $2,308,699.68. This trade represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael H. Lou sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $125.47, for a total transaction of $1,882,050.00. Following the completion of the sale, the executive vice president directly owned 82,699 shares of the company’s stock, valued at $10,376,243.53. The trade was a 15.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,927 shares of company stock valued at $2,912,028 over the last ninety days. 0.70% of the stock is owned by insiders.

Institutional Trading of Chord Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Chord Energy by 17.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,964 shares of the company’s stock worth $13,973,000 after purchasing an additional 18,137 shares during the period. Focus Partners Wealth acquired a new position in Chord Energy in the 1st quarter valued at $289,000. Creative Planning increased its stake in Chord Energy by 37.5% in 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. Cetera Investment Advisers raised its position in Chord Energy by 7.0% during the 2nd quarter. Cetera Investment Advisers now owns 18,530 shares of the company’s stock worth $1,795,000 after buying an additional 1,219 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its position in Chord Energy by 81.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 32,973 shares of the company’s stock worth $3,193,000 after buying an additional 14,800 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Key Chord Energy News

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

• Positive Sentiment: Truist/Truist Securities initiated coverage and/or upgraded Chord to a buy/strong-buy with a $169 price target (~22% upside from the recent price). This analyst action is the primary near-term catalyst lifting the stock, as buy-rated coverage from a mid‑size brokerage often brings fresh institutional attention and flows. MSN: Truist initiates coverage Benzinga: Truist coverage
• Neutral Sentiment: Several automated short-interest filings in the past 24–48 hours show inconsistent/zero values (likely data/reporting errors). These conflicting prints can create noise for traders but are not reliable signals by themselves — confirm with official exchange reports before acting.
• Negative Sentiment: Separately, more credible March data show a meaningful increase in short interest to ~4.39M shares (about 7.8% of shares outstanding) — a ~20.9% rise from late February — with a days-to-cover around 2.8. That higher short exposure can increase downward pressure or intra‑day volatility and raises the possibility of sharp moves if sentiment turns.

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.