Chord Energy (NASDAQ:CHRD) Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Chord Energy from “Strong Buy” to “Buy.” Broader analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $174.62.
• Quarterly results beat expectations: EPS was $6.08 versus the $5.68 estimate, while revenue reached $1.71 billion and rose 30% year over year.
• Company insiders sold 15,969 shares worth about $2.32 million over the past three months; institutional investors and hedge funds own 97.76% of the stock.

Chord Energy (NASDAQ:CHRD - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research firms have also weighed in on CHRD. UBS Group boosted their target price on Chord Energy from $193.00 to $197.00 and gave the company a "buy" rating in a research note on Tuesday, October 20th. Zacks Research upgraded Chord Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 20th. Morgan Stanley increased their target price on Chord Energy from $169.00 to $178.00 and gave the stock an "overweight" rating in a research note on Thursday, October 15th. Jefferies Financial Group increased their price target on Chord Energy from $133.00 to $150.00 and gave the company a "hold" rating in a report on Friday, September 18th. Finally, Citigroup upped their target price on Chord Energy from $130.00 to $150.00 and gave the company a "neutral" rating in a report on Thursday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $174.62.

Chord Energy Trading Up 3.1%

Shares of CHRD opened at $136.49 on Friday. The firm has a market capitalization of $7.47 billion, a P/E ratio of 10.07 and a beta of 0.48. The stock's fifty day simple moving average is $145.42 and its 200 day simple moving average is $131.87. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. Chord Energy has a twelve month low of $84.41 and a twelve month high of $159.96.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.40. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company earned $2.35 EPS. The firm's revenue was up 30.0% on a year-over-year basis. On average, equities research analysts forecast that Chord Energy will post 23.11 earnings per share for the current year.

Insiders Place Their Bets

In other Chord Energy news, EVP Shannon Kinney sold 4,019 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the transaction, the executive vice president owned 13,560 shares of the company's stock, valued at $1,898,400. This represents a 22.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Samantha Mckinney sold 9,750 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the sale, the director directly owned 7,280 shares of the company's stock, valued at $1,091,563.20. This represents a 57.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,969 shares of company stock worth $2,324,479 over the last three months. Corporate insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On Chord Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in Chord Energy by 27.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company's stock valued at $220,078,000 after purchasing an additional 329,565 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Chord Energy by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 734,416 shares of the company's stock worth $100,586,000 after acquiring an additional 7,250 shares in the last quarter. First Trust Advisors LP raised its holdings in Chord Energy by 98.2% during the 1st quarter. First Trust Advisors LP now owns 579,920 shares of the company's stock valued at $82,453,000 after acquiring an additional 287,340 shares during the period. Bank of New York Mellon Corp purchased a new stake in Chord Energy during the second quarter valued at about $66,489,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Chord Energy by 178.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 424,841 shares of the company's stock worth $60,404,000 after acquiring an additional 272,349 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Chord Energy

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

• Positive Sentiment: Q3 results topped expectations. Chord reported adjusted EPS of $6.08 versus a $5.68 estimate and revenue of $1.71 billion versus $1.64 billion. Revenue rose 30% year over year, reinforcing the company’s earnings momentum. Q3 results
• Positive Sentiment: 2026 oil outlook lifted. Coverage says Chord raised its oil outlook following the strong quarter; updated production guidance for the fourth quarter and full year may also shape investor expectations. 2026 oil outlook coverage
• Positive Sentiment: Truist raised its price target to $197 from $195 and reiterated a Buy rating, signaling continued analyst confidence. Truist rating coverage
• Positive Sentiment: Dividend supports shareholder returns. The company declared a $1.30 quarterly dividend, equivalent to $5.20 annually.
• Positive Sentiment: Valuation commentary points to potential upside. A recent analysis suggests CHRD could be about 27% below fair value, though that estimate is not a guarantee of future performance. Fair value analysis
• Neutral Sentiment: Wells Fargo made a small target cut to $173 from $174, while maintaining its Overweight rating. The change is modest and the rating remains favorable. Wells Fargo rating coverage

Chord Energy Company Profile

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company's production mix includes crude oil, natural gas and natural gas liquids.

Chord's operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.

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