Chord Energy Co. (NASDAQ:CHRD) Plans Quarterly Dividend of $1.25

Chord Energy Co. (NASDAQ:CHRD) announced a quarterly dividend on Sunday, November 24th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 1.25 per share on Thursday, December 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Wednesday, November 27th.

Chord Energy has a dividend payout ratio of 5.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chord Energy to earn $15.72 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 4.8%.

Chord Energy Trading Up 1.6 %

Shares of NASDAQ CHRD opened at $134.43 on Monday. The stock has a market cap of $8.22 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy has a 1 year low of $123.30 and a 1 year high of $190.23. The firm has a 50-day moving average of $131.00 and a 200 day moving average of $152.70.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $5.04 EPS. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. As a group, sell-side analysts expect that Chord Energy will post 16.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Truist Financial dropped their price target on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Wells Fargo & Company cut their target price on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Piper Sandler increased their price target on Chord Energy from $211.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, BMO Capital Markets dropped their target price on Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.45.

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.