Chord Energy Co. (NASDAQ:CHRD - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $102.39, but opened at $106.54. Chord Energy shares last traded at $105.80, with a volume of 120,106 shares trading hands.
Analyst Upgrades and Downgrades
CHRD has been the topic of a number of research reports. Morgan Stanley set a $139.00 price target on Chord Energy and gave the company a "cautious" rating in a research report on Wednesday, March 26th. 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 research report on Tuesday, April 15th. Bank of America lowered their price target on Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Mizuho lowered their price target on Chord Energy from $154.00 to $150.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Williams Trading set a $155.00 price objective on Chord Energy in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.77.
Read Our Latest Analysis on CHRD
Chord Energy Stock Up 3.6%
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 company has a market capitalization of $6.12 billion, a P/E ratio of 5.46, a PEG ratio of 5.83 and a beta of 0.96. The company has a 50 day moving average of $93.37 and a 200-day moving average of $106.70.
Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.44. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.07 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. Chord Energy's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $5.10 earnings per share. As a group, equities analysts anticipate that Chord Energy Co. will post 15.59 EPS for the current year.
Chord Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $5.20 annualized dividend and a dividend yield of 4.90%. Chord Energy's payout ratio is presently 34.78%.
Insider Buying and Selling
In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of Chord Energy 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 sale, the executive vice president now directly owns 21,277 shares of the company's stock, valued at approximately $2,002,165.70. The trade was a 12.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Institutional Trading of Chord Energy
Large investors have recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Chord Energy during the 4th quarter valued at approximately $25,000. Twin Tree Management LP bought a new stake in Chord Energy during the 4th quarter valued at approximately $33,000. Larson Financial Group LLC boosted its position in Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock valued at $37,000 after acquiring an additional 224 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in Chord Energy by 321.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 447 shares of the company's stock valued at $50,000 after acquiring an additional 341 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Chord Energy by 1,751.9% during the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock valued at $58,000 after acquiring an additional 473 shares in the last quarter. 97.76% of the stock is owned by institutional investors.
About Chord Energy
(
Get Free Report)
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.
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