Scotiabank Predicts Chord Energy FY2026 Earnings

Chord Energy Corporation (NASDAQ:CHRD - Free Report) - Research analysts at Scotiabank issued their FY2026 earnings estimates for Chord Energy in a note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang forecasts that the company will post earnings of $18.45 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $135.00 price objective on the stock. The consensus estimate for Chord Energy's current full-year earnings is $15.74 per share. Scotiabank also issued estimates for Chord Energy's FY2027 earnings at $11.95 EPS.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.11. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $3.49 earnings per share. The company's revenue was down 19.6% on a year-over-year basis.

Several other brokerages have also weighed in on CHRD. Royal Bank Of Canada cut their price objective on shares of Chord Energy from $135.00 to $128.00 and set an "outperform" rating on the stock in a report on Tuesday, January 13th. Pickering Energy Partners lowered shares of Chord Energy from an "outperform" rating to a "neutral" rating in a report on Friday, January 9th. Citigroup increased their price objective on shares of Chord Energy from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, March 31st. Roth Mkm restated a "buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Chord Energy in a report on Friday, April 17th. Finally, UBS Group increased their price objective on shares of Chord Energy from $119.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Chord Energy presently has a consensus rating of "Moderate Buy" and an average target price of $152.23.

Chord Energy Trading Up 1.8%

Shares of NASDAQ CHRD opened at $137.69 on Tuesday. Chord Energy has a 1-year low of $84.25 and a 1-year high of $148.41. The company has a market cap of $7.81 billion, a PE ratio of 218.56 and a beta of 0.66. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $126.57 and a two-hundred day moving average of $105.11.

Chord Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 12th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, March 12th. Chord Energy's dividend payout ratio is currently 825.40%.

Insider Activity

In other Chord Energy news, EVP Michael H. Lou sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $125.47, for a total value of $1,882,050.00. Following the completion of the sale, the executive vice president owned 82,699 shares of the company's stock, valued at approximately $10,376,243.53. This represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas E. Brooks sold 2,126 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $120.28, for a total transaction of $255,715.28. Following the completion of the sale, the director directly owned 25,181 shares of the company's stock, valued at $3,028,770.68. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,927 shares of company stock worth $2,912,028 over the last three months. Company insiders own 0.79% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of Chord Energy by 22.2% during the first quarter. Blue Trust Inc. now owns 463 shares of the company's stock worth $66,000 after acquiring an additional 84 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Chord Energy by 16.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 797 shares of the company's stock worth $74,000 after acquiring an additional 113 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of Chord Energy by 2.3% during the third quarter. First Citizens Bank & Trust Co. now owns 5,306 shares of the company's stock worth $527,000 after acquiring an additional 120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Chord Energy by 18.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company's stock worth $82,000 after acquiring an additional 130 shares in the last quarter. Finally, WealthCollab LLC increased its position in shares of Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company's stock worth $30,000 after acquiring an additional 145 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Company Profile

Chord Energy Corporation NASDAQ: CHRD, formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.

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