Analysts Set Expectations for Chord Energy FY2025 Earnings

Chord Energy Co. (NASDAQ:CHRD - Free Report) - Investment analysts at Capital One Financial lifted their FY2025 earnings per share estimates for shares of Chord Energy in a note issued to investors on Wednesday, May 7th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $12.75 per share for the year, up from their prior estimate of $11.80. The consensus estimate for Chord Energy's current full-year earnings is $15.59 per share.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.44. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $5.10 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year.

A number of other analysts have also weighed in on CHRD. Wells Fargo & Company cut their price objective on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Mizuho decreased their price objective on Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a report on Tuesday. Bank of America upgraded Chord Energy from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $125.00 to $114.00 in a research note on Tuesday, April 29th. Citigroup reduced their price target on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley set a $139.00 price objective on Chord Energy and gave the stock a "cautious" rating in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chord Energy presently has a consensus rating of "Moderate Buy" and an average target price of $153.92.

Chord Energy Stock Performance

CHRD traded down $1.51 during trading on Monday, reaching $97.98. 645,705 shares of the company's stock were exchanged, compared to its average volume of 982,364. 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 $79.83 and a 1 year high of $188.02. The company's fifty day simple moving average is $98.47 and its 200-day simple moving average is $112.17. The stock has a market capitalization of $5.83 billion, a P/E ratio of 5.05, a price-to-earnings-growth ratio of 5.83 and a beta of 0.99.

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Wednesday, May 21st. Chord Energy's dividend payout ratio is presently 34.78%.

Insiders Place Their Bets

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total transaction of $290,863.10. Following the completion of the sale, the executive vice president now directly owns 21,277 shares in the company, valued at approximately $2,002,165.70. The trade was a 12.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chord Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in Chord Energy by 50.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock valued at $218,892,000 after purchasing an additional 627,122 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Chord Energy by 27.6% during the fourth 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 in the last quarter. FMR LLC raised its position in shares of 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 buying an additional 394,372 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Chord Energy in the fourth quarter valued at about $43,745,000. Finally, Nuveen LLC purchased a new position in shares of Chord Energy in the first quarter worth about $36,837,000. Hedge funds and other 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.