Chord Energy (NASDAQ:CHRD) Given New $125.00 Price Target at Bank of America

Chord Energy (NASDAQ:CHRD) had its price objective decreased by equities research analysts at Bank of America from $138.00 to $125.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price target points to a potential upside of 11.19% from the company’s previous close.

A number of other brokerages have also issued reports on CHRD. Truist Financial boosted their price target on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. UBS Group reduced their price objective on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Morgan Stanley set a $139.00 target price on shares of Chord Energy and gave the company a “cautious” rating in a research note on Wednesday, March 26th. Williams Trading set a $155.00 price objective on Chord Energy in a research note on Wednesday, March 5th. Finally, Citigroup lowered shares of Chord Energy to a “reduce” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.46.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $112.42 on Tuesday. The firm’s 50 day moving average is $111.25 and its two-hundred day moving average is $121.02. The firm has a market capitalization of $6.69 billion, a P/E ratio of 5.80, a PEG ratio of 5.83 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy has a 52 week low of $99.40 and a 52 week high of $190.23.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CHRD. FMR LLC boosted its stake in Chord Energy by 11.5% in the fourth quarter. FMR LLC now owns 3,814,384 shares of the company’s stock valued at $445,978,000 after acquiring an additional 394,372 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Chord Energy by 27.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock worth $334,912,000 after buying an additional 619,021 shares during the period. State Street Corp lifted its stake in Chord Energy by 0.9% in the third quarter. State Street Corp now owns 2,485,777 shares of the company’s stock valued at $323,723,000 after buying an additional 22,753 shares in the last quarter. Boston Partners boosted its holdings in shares of Chord Energy by 5.6% in the fourth quarter. Boston Partners now owns 2,186,483 shares of the company’s stock valued at $255,684,000 after buying an additional 115,215 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Chord Energy by 50.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock worth $218,892,000 after acquiring an additional 627,122 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

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.