Citigroup Issues Positive Forecast for Chord Energy (NASDAQ:CHRD) Stock Price

Chord Energy (NASDAQ:CHRD) had its price objective raised by investment analysts at Citigroup from $120.00 to $155.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 8.64% from the company’s current price.

A number of other analysts have also commented on CHRD. Royal Bank Of Canada dropped their price target on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company increased their price target on Chord Energy from $109.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Scotiabank raised Chord Energy to a “hold” rating in a research report on Friday. Truist Financial began coverage on Chord Energy in a research report on Tuesday, March 24th. They set a “buy” rating and a $169.00 target price for the company. Finally, Weiss Ratings upgraded shares of Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.83.

Chord Energy Stock Performance

NASDAQ CHRD traded down $3.57 on Tuesday, hitting $142.67. 840,732 shares of the stock were exchanged, compared to its average volume of 1,034,359. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The business’s fifty day moving average is $111.95 and its 200 day moving average is $100.33. The company has a market capitalization of $8.09 billion, a PE ratio of 226.21 and a beta of 0.84. Chord Energy has a 52 week low of $79.83 and a 52 week high of $148.41.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business posted $3.49 earnings per share. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. Research analysts anticipate that Chord Energy will post 15.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chord Energy news, EVP Michael H. Lou sold 15,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $125.47, for a total transaction of $1,882,050.00. Following the completion of the transaction, the executive vice president owned 82,699 shares of the company’s stock, valued at approximately $10,376,243.53. This trade represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lara J. Kroll sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total transaction of $568,300.00. Following the completion of the sale, the chief accounting officer owned 8,921 shares in the company, valued at approximately $1,013,960.86. This trade represents a 35.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,927 shares of company stock worth $2,912,028 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of Chord Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. WealthCollab LLC increased its stake in Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 145 shares during the last quarter. Quent Capital LLC purchased a new position in Chord Energy during the third quarter worth $32,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Chord Energy in the third quarter valued at $46,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Chord Energy by 213.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 501 shares of the company’s stock worth $47,000 after acquiring an additional 341 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of Chord Energy by 360.3% during the 4th quarter. TD Private Client Wealth LLC now owns 580 shares of the company’s stock worth $54,000 after purchasing an additional 454 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chord Energy

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

• Positive Sentiment: Chord hit a 52-week high as Nasdaq 100 momentum lifted the stock, signaling strong buying interest and index-related flows that can sustain near-term upside. Read More.
• Positive Sentiment: Zacks reports upward earnings-estimate revisions for CHRD, which often precede analyst upgrades and further buying from momentum-focused funds. That improves the buy case for near-term bulls. Read More.
• Positive Sentiment: Zacks also highlights CHRD among stocks trading near 52-week highs with upside potential and publishes multiple momentum-focused pieces on the name — reinforcing the narrative that momentum investors may keep buying. Read More.
• Positive Sentiment: Chord was added to Zacks’ Rank #1 (Strong Buy) income-stock list, which can attract income and dividend-focused buyers. Read More.
• Positive Sentiment: Market analysts note CHRD’s momentum characteristics (Zacks pieces explaining why it’s a momentum stock), which supports continuation of the rally while momentum remains intact. Read More.
• Neutral Sentiment: Coverage comparing CHRD to peers (e.g., EOG) shows CHRD has outperformed parts of the sector this year, providing context but not a direct catalyst. Investors should watch relative performance vs oil names. Read More.
• Positive Sentiment: Financial-industry coverage: a recent upgrade at Morgan Stanley adds credibility and can prompt institutional buying. Read More.
• Negative Sentiment: Valuation and recent fundamentals leave the stock vulnerable to pullbacks — CHRD trades at a very high forward multiple (PE ~225 noted in public data), last quarter showed revenue down ~20% YoY and thin net margins; those factors support profit-taking and greater sensitivity to downside news. Read More.

Chord Energy Company Profile

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.