Chord Energy (CHRD) to Release Earnings on Tuesday

Chord Energy (NASDAQ:CHRD - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Chord Energy to post earnings of $4.75 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.04 by $0.21. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. The company had revenue of $964.69 million for the quarter, compared to the consensus estimate of $891.67 million. On average, analysts expect Chord Energy to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Chord Energy Stock Down 4.0 %

Shares of NASDAQ CHRD traded down $7.36 during mid-day trading on Tuesday, hitting $176.98. 972,765 shares of the stock traded hands, compared to its average volume of 659,851. The stock has a fifty day moving average price of $173.66 and a 200-day moving average price of $165.70. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 7.52 and a beta of 1.06. Chord Energy has a 52 week low of $133.34 and a 52 week high of $190.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.22.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th were given a dividend of $3.25 per share. This is an increase from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 4th. This represents a $13.00 dividend on an annualized basis and a yield of 7.35%. Chord Energy's dividend payout ratio is 21.25%.

Insider Activity at Chord Energy

In other news, CFO Michael H. Lou sold 3,000 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $165.00, for a total transaction of $495,000.00. Following the sale, the chief financial officer now owns 128,209 shares of the company's stock, valued at approximately $21,154,485. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

CHRD has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Chord Energy from $178.00 to $211.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Bank of America downgraded Chord Energy from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $177.00 to $165.00 in a research report on Friday, January 5th. Royal Bank of Canada lifted their target price on Chord Energy from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday. Mizuho upped their target price on Chord Energy from $189.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Finally, Truist Financial dropped their target price on Chord Energy from $229.00 to $224.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $193.50.

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.