Chord Energy (NASDAQ:CHRD) Price Target Raised to $211.00 at Piper Sandler

Chord Energy (NASDAQ:CHRD) had its price objective lifted by Piper Sandler from $206.00 to $211.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

CHRD has been the subject of a number of other research reports. BMO Capital Markets cut their price objective on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Chord Energy in a report on Friday, September 20th. Truist Financial decreased their price objective on Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Bank of America lifted their price objective on Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Citigroup reduced their target price on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and an average target price of $190.18.

Chord Energy Stock Up 1.7 %

Shares of Chord Energy stock opened at $130.58 on Tuesday. Chord Energy has a twelve month low of $126.38 and a twelve month high of $190.23. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $139.44 and its 200 day moving average is $162.43. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 4.92 and a beta of 0.97.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The firm had revenue of $902.70 million during the quarter, compared to analysts’ expectations of $982.43 million. During the same quarter last year, the business earned $3.65 earnings per share. The business’s quarterly revenue was up 29.8% on a year-over-year basis. Research analysts anticipate that Chord Energy will post 17.93 EPS for the current year.

Chord Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, August 21st. Chord Energy’s dividend payout ratio (DPR) is presently 23.46%.

Insider Activity at Chord Energy

In related news, Director Samantha Holroyd purchased 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the purchase, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chord Energy

Several large investors have recently made changes to their positions in CHRD. Rise Advisors LLC bought a new position in Chord Energy during the first quarter valued at approximately $31,000. Hexagon Capital Partners LLC boosted its position in shares of Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after acquiring an additional 162 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 101 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Chord Energy in the second quarter worth $40,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Chord Energy by 125.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after purchasing an additional 136 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Company Profile

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.