Chord Energy (NASDAQ:CHRD) Price Target Cut to $183.00 by Analysts at Piper Sandler

Chord Energy (NASDAQ:CHRD - Get Free Report) had its price objective lowered by research analysts at Piper Sandler from $184.00 to $183.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price would suggest a potential upside of 93.41% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company lowered their price target on Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Truist Financial raised their target price on Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a report on Monday, January 13th. Bank of America cut their target price on shares of Chord Energy from $138.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. 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 report on Friday, January 3rd. Finally, Royal Bank of Canada dropped their price objective on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chord Energy has a consensus rating of "Moderate Buy" and a consensus price target of $156.92.

Chord Energy Stock Down 0.1 %

Shares of CHRD traded down $0.13 during trading hours on Tuesday, hitting $94.62. 410,855 shares of the company were exchanged, compared to its average volume of 976,378. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $5.63 billion, a PE ratio of 4.87, a PEG ratio of 5.83 and a beta of 0.96. The firm's 50 day moving average is $102.43 and its 200-day moving average is $115.24. Chord Energy has a 52 week low of $79.83 and a 52 week high of $188.02.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CHRD. FMR LLC increased its holdings in Chord Energy by 11.5% during the 4th quarter. FMR LLC now owns 3,814,384 shares of the company's stock valued at $445,978,000 after purchasing an additional 394,372 shares in the last quarter. Victory Capital Management Inc. lifted its position in Chord Energy by 27.6% during the 4th 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. Boston Partners grew its holdings in Chord Energy by 5.6% during the 4th quarter. Boston Partners now owns 2,186,483 shares of the company's stock worth $255,684,000 after acquiring an additional 115,215 shares during the last quarter. Pacer Advisors Inc. increased its position 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 acquiring an additional 627,122 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Chord Energy by 15.0% in the 4th quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock valued at $130,491,000 after acquiring an additional 145,627 shares in the last quarter. Institutional investors own 97.76% of the company's stock.

About Chord Energy

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.