Scotiabank Predicts Chord Energy FY2025 Earnings

Key Points

• Scotiabank forecasts that Chord Energy will achieve earnings of $8.55 per share for FY2025, lower than the current consensus estimate of $15.59 per share.
• Chord Energy reported a 1.79 EPS for the last quarter, missing expectations, with revenues of $1.18 billion, exceeding estimates of $984.07 million.
• The company announced a quarterly dividend of $1.30 per share, reflecting a 5.0% yield, though its payout ratio stands at 132.32%.

Chord Energy Corporation (NASDAQ:CHRD - Free Report) - Analysts at Scotiabank issued their FY2025 EPS estimates for Chord Energy in a research report issued to clients and investors on Wednesday, September 24th. Scotiabank analyst P. Cheng anticipates that the company will post earnings of $8.55 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $120.00 price objective on the stock. The consensus estimate for Chord Energy's current full-year earnings is $15.59 per share. Scotiabank also issued estimates for Chord Energy's FY2026 earnings at $6.45 EPS.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.09). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $984.07 million. Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.69 earnings per share.

Other equities analysts also recently issued research reports about the stock. Bank of America increased their price objective on shares of Chord Energy from $112.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Citigroup upped their target price on Chord Energy from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded Chord Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Mizuho lowered their price objective on Chord Energy from $152.00 to $142.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Finally, Piper Sandler upped their target price on Chord Energy from $166.00 to $169.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chord Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.15.

Chord Energy Stock Performance

Shares of Chord Energy stock opened at $104.53 on Monday. The company has a 50 day moving average of $105.38 and a 200-day moving average of $100.98. The company has a market cap of $5.99 billion, a PE ratio of 26.60 and a beta of 0.97. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. Chord Energy has a 1-year low of $79.83 and a 1-year high of $139.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Chord Energy by 1.0% in the second quarter. Geode Capital Management LLC now owns 1,890,420 shares of the company's stock valued at $183,112,000 after acquiring an additional 19,227 shares during the period. American Century Companies Inc. lifted its holdings in shares of Chord Energy by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 1,337,079 shares of the company's stock worth $129,496,000 after purchasing an additional 179,209 shares in the last quarter. Sourcerock Group LLC grew its position in Chord Energy by 2.1% in the 2nd quarter. Sourcerock Group LLC now owns 1,031,973 shares of the company's stock valued at $99,947,000 after purchasing an additional 20,916 shares during the period. Adage Capital Partners GP L.L.C. grew its position in Chord Energy by 22.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 990,381 shares of the company's stock valued at $95,918,000 after purchasing an additional 180,000 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Chord Energy by 4.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 824,760 shares of the company's stock valued at $83,169,000 after purchasing an additional 32,802 shares in the last quarter. Institutional investors own 97.76% of the company's stock.

Insider Buying and Selling

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of Chord Energy stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $105.43, for a total value of $318,293.17. Following the completion of the sale, the executive vice president directly owned 14,650 shares of the company's stock, valued at approximately $1,544,549.50. The trade was a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 21st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $5.20 annualized dividend and a yield of 5.0%. Chord Energy's dividend payout ratio is currently 132.32%.

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.

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