Chord Energy Co. (NASDAQ:CHRD) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Chord Energy Co. (NASDAQ:CHRD - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $157.00.

A number of analysts recently issued reports on CHRD shares. Royal Bank of Canada cut their price objective on Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler lowered their price objective on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company cut their target price on Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a research report on Tuesday. Truist Financial boosted their price objective on Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price target on the stock in a research note on Friday, January 3rd.

Institutional Investors Weigh In On Chord Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its holdings in Chord Energy by 58.7% during the third quarter. HighTower Advisors LLC now owns 6,821 shares of the company's stock worth $899,000 after purchasing an additional 2,522 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Chord Energy in the third quarter valued at $201,000. XTX Topco Ltd boosted its stake in Chord Energy by 81.1% in the third quarter. XTX Topco Ltd now owns 3,237 shares of the company's stock valued at $422,000 after acquiring an additional 1,450 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Chord Energy by 7.5% during the third quarter. MML Investors Services LLC now owns 11,733 shares of the company's stock worth $1,528,000 after purchasing an additional 821 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Chord Energy by 86.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 30,678 shares of the company's stock worth $3,995,000 after purchasing an additional 14,267 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Trading Up 3.5 %

CHRD traded up $3.16 during trading hours on Friday, reaching $94.00. The company's stock had a trading volume of 104,948 shares, compared to its average volume of 964,800. The stock has a market cap of $5.59 billion, a PE ratio of 4.83, a P/E/G ratio of 5.83 and a beta of 0.96. Chord Energy has a fifty-two week low of $79.83 and a fifty-two week high of $188.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The business's 50-day moving average is $104.89 and its 200-day moving average is $117.26.

Chord Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $1.30 per share. This is a boost from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Tuesday, March 11th. Chord Energy's dividend payout ratio is currently 32.62%.

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.