Chord Energy (NASDAQ:CHRD) Upgraded to “Strong-Buy” at Truist Financial

Truist Financial upgraded shares of Chord Energy (NASDAQ:CHRD) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on CHRD. UBS Group lifted their target price on Chord Energy from $119.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Royal Bank Of Canada dropped their price target on Chord Energy from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Mizuho set a $148.00 price objective on Chord Energy in a report on Friday, January 9th. Pickering Energy Partners lowered Chord Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, January 9th. Finally, Citigroup increased their target price on shares of Chord Energy from $97.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.42.

Chord Energy Stock Performance

Shares of CHRD stock opened at $136.99 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.06. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 217.44 and a beta of 0.84. Chord Energy has a one year low of $79.83 and a one year high of $138.88. The company has a 50 day moving average price of $107.89 and a 200 day moving average price of $99.23.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $3.49 EPS. Chord Energy’s revenue for the quarter was down 19.6% on a year-over-year basis. Sell-side analysts anticipate that Chord Energy will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, March 12th. Chord Energy’s dividend payout ratio is currently 825.40%.

Insider Buying and Selling

In other news, 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 value of $568,300.00. Following the completion of the sale, the chief accounting officer owned 8,921 shares of the company’s stock, valued at $1,013,960.86. This represents a 35.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas E. Brooks sold 2,126 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $120.28, for a total value of $255,715.28. Following the completion of the sale, the director owned 25,181 shares of the company’s stock, valued at approximately $3,028,770.68. This trade represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 23,927 shares of company stock valued at $2,912,028. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chord Energy

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

Key Chord Energy News

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

• Positive Sentiment: Truist initiated coverage on CHRD with a Buy / Strong‑Buy and a $169 price target, signaling confidence in the company’s outlook and producing analyst‑driven buying interest. Truist initiates coverage Benzinga note on rating & PT Zacks mention
• Neutral Sentiment: Several automated data feeds reported zero short interest for late‑March (likely a reporting error or reconciliation artifact). These conflicting data points create uncertainty in interpreting headline short‑interest figures and could cause noisy intraday moves. TickerReport
• Negative Sentiment: Independent short‑interest reporting (Mar 13 snapshot) shows meaningful growth: about 4.39M shares short, up ~20.9% from Feb 26, representing roughly 7.8% of shares outstanding and a ~2.8 days‑to‑cover — an increase in bearish positioning that could cap near‑term upside or amplify downside if selling intensifies.

About Chord Energy

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.