Short Interest in Chord Energy Corporation (NASDAQ:CHRD) Grows By 20.9%

Chord Energy Corporation (NASDAQ:CHRD) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,394,786 shares, a growth of 20.9% from the February 26th total of 3,635,155 shares. Approximately 7.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,594,886 shares, the days-to-cover ratio is currently 2.8 days.

Insider Buying and Selling at Chord Energy

In other news, EVP Shannon Browning Kinney sold 1,801 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total transaction of $205,962.36. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael H. Lou sold 15,000 shares of Chord Energy 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 sale, the executive vice president owned 82,699 shares in the company, valued at approximately $10,376,243.53. This trade represents a 15.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 23,927 shares of company stock worth $2,912,028. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Chord Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in shares of 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 last quarter. Massachusetts Financial Services Co. MA bought a new position in Chord Energy in the 3rd quarter worth approximately $91,434,000. Wedge Capital Management L L P NC acquired a new position in Chord Energy during the 3rd quarter worth $13,092,000. AlphaQuest LLC lifted its holdings in Chord Energy by 1,576.7% during the 3rd quarter. AlphaQuest LLC now owns 27,933 shares of the company’s stock worth $2,776,000 after buying an additional 26,267 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in Chord Energy by 22.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 214,680 shares of the company’s stock valued at $20,792,000 after buying an additional 39,980 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Down 3.7%

Shares of CHRD opened at $136.96 on Thursday. The company has a market capitalization of $7.76 billion, a P/E ratio of 217.40 and a beta of 0.65. Chord Energy has a one year low of $79.83 and a one year high of $148.41. The business’s 50 day simple moving average is $113.79 and its 200-day simple moving average is $100.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results 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. The firm had revenue of $1.17 billion during 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 business’s revenue was down 19.6% on a year-over-year basis. During the same period last year, the firm posted $3.49 EPS. As a group, sell-side analysts predict that Chord Energy will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 12th were paid a $1.30 dividend. The ex-dividend date was 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 (DPR) is 825.40%.

Key Chord Energy News

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

• Positive Sentiment: Zacks includes CHRD on a short list of U.S. E&P stocks to buy, signaling favorable sector-level and company fundamentals. Why Investors May Want to Buy These 4 US E&P Stocks Now
• Positive Sentiment: An analyst-driven upgrade pushed CHRD to a new 1‑year high, showing fresh institutional interest and momentum that likely supported recent gains. Chord Energy (NASDAQ:CHRD) Sets New 1-Year High on Analyst Upgrade
• Positive Sentiment: Citigroup raised its price target from $120 to $155 (while keeping a “neutral” rating), which increases visible upside for investors and signals higher fair‑value expectations. Benzinga article on Citi price-target raise
• Positive Sentiment: Zacks reports upward revisions to CHRD earnings estimates, a bullish technical/earnings signal that tends to attract momentum and buy-side interest. Earnings Estimates Moving Higher for Chord Energy Corporation (CHRD): Time to Buy?
• Positive Sentiment: Coverage highlights CHRD trading near 52‑week highs and benefiting from Nasdaq‑100 momentum, reinforcing the stock’s recent strength. Chord Energy Hits Yearly High Amid Nasdaq 100 Index Momentum
• Positive Sentiment: Zacks put CHRD on its #1 (Strong Buy) income stocks list, which may attract income-oriented investors looking for yield plus capital appreciation. Best Income Stocks to Buy for March 31st
• Neutral Sentiment: Analysis comparing CHRD to peers shows it has outpaced some oil & gas names this year, but broader sector dynamics could still cap short‑term moves. Are Oils-Energy Stocks Lagging Chord Energy Corporation (CHRD) This Year?

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHRD. Citigroup increased their target price on Chord Energy from $120.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday. Wall Street Zen upgraded Chord Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Wells Fargo & Company increased their price objective on Chord Energy from $109.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Piper Sandler lifted their price objective on Chord Energy from $158.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Finally, UBS Group upped their target price on shares of Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and an average target price of $141.83.

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.