Q3 2024 Earnings Estimate for Chord Energy Co. (NASDAQ:CHRD) Issued By Capital One Financial

Chord Energy Co. (NASDAQ:CHRD) – Investment analysts at Capital One Financial dropped their Q3 2024 EPS estimates for Chord Energy in a research note issued to investors on Monday, August 12th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $5.26 for the quarter, down from their previous estimate of $5.30. The consensus estimate for Chord Energy’s current full-year earnings is $20.85 per share. Capital One Financial also issued estimates for Chord Energy’s Q4 2024 earnings at $5.50 EPS, FY2024 earnings at $20.57 EPS, Q1 2025 earnings at $5.02 EPS, Q2 2025 earnings at $5.59 EPS, Q3 2025 earnings at $6.15 EPS, Q4 2025 earnings at $6.58 EPS, FY2025 earnings at $23.34 EPS and FY2026 earnings at $24.12 EPS.

A number of other equities research analysts have also issued reports on the company. Piper Sandler reduced their price target on Chord Energy from $234.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday. Wolfe Research began coverage on shares of Chord Energy in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Truist Financial decreased their price target on shares of Chord Energy from $226.00 to $223.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Citigroup dropped their price objective on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Bank of America reaffirmed a “buy” rating and set a $201.00 price objective on shares of Chord Energy in a research report on Friday, June 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Chord Energy Trading Up 1.1 %

NASDAQ:CHRD opened at $154.40 on Wednesday. Chord Energy has a 12-month low of $145.53 and a 12-month high of $190.23. The firm has a market cap of $6.44 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.01. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $166.97 and a 200 day moving average price of $170.29.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $5.00 by ($0.31). Chord Energy had a net margin of 22.67% and a return on equity of 16.57%. The business had revenue of $902.70 million during the quarter, compared to analysts’ expectations of $982.43 million. During the same period in the prior year, the business earned $3.65 EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis.

Chord Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $5.00 annualized dividend and a yield of 3.24%. Chord Energy’s dividend payout ratio is currently 23.46%.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CHRD. Ninepoint Partners LP grew its stake in Chord Energy by 285.1% during the 2nd quarter. Ninepoint Partners LP now owns 290,000 shares of the company’s stock worth $48,627,000 after buying an additional 214,700 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Chord Energy by 3,952.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 239,027 shares of the company’s stock valued at $40,080,000 after acquiring an additional 233,129 shares during the period. Scientech Research LLC acquired a new stake in shares of Chord Energy in the second quarter valued at approximately $760,000. Millennium Management LLC grew its position in shares of Chord Energy by 226.5% during the second quarter. Millennium Management LLC now owns 696,488 shares of the company’s stock worth $116,787,000 after acquiring an additional 483,144 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new position in shares of Chord Energy in the 2nd quarter valued at $736,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

About Chord Energy

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.