Chord Energy (CHRD) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chord Energy in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CHRD shares.
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8 Wall Street research analysts have issued 12 month price targets for Chord Energy's shares. Their CHRD share price forecasts range from $162.00 to $246.00. On average, they expect the company's stock price to reach $186.63 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price.
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Chord Energy's stock was trading at $136.81 at the start of the year. Since then, CHRD shares have increased by 10.6% and is now trading at $151.37.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CHRD earnings forecast.

Chord Energy Co. (NASDAQ:CHRD) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.15 by $0.35. The firm earned $896.52 million during the quarter, compared to analyst estimates of $729.67 million. Chord Energy had a net margin of 43.37% and a trailing twelve-month return on equity of 23.51%.

Chord Energy announced a None dividend on Wednesday, May 3rd. Stockholders of record on Tuesday, May 16th will be paid a dividend of $3.22 per share on Tuesday, May 30th. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, May 15th.
Read our dividend analysis for CHRD.

ETFs with the largest weight of Chord Energy (NASDAQ:CHRD) stock in their portfolio include Amplify Natural Resources Dividend Income ETF (NDIV), Timothy Plan Market Neutral ETF (TPMN), Invesco Dynamic Energy Exploration & Production ETF (PXE), First Trust Natural Gas ETF (FCG), Invesco DWA Energy Momentum ETF (PXI), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Cambria Value and Momentum ETF (VAMO) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI).

Chord Energy (NASDAQ:CHRD) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.28%. The dividend payout ratio is 11.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHRD will have a dividend payout ratio of 16.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHRD.

Chord Energy trades on the NASDAQ under the ticker symbol "CHRD."

Chord Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.76%), Wellington Management Group LLP (6.87%), FMR LLC (6.07%), State Street Corp (4.58%), First Trust Advisors LP (3.56%) and JPMorgan Chase & Co. (3.15%). Insiders that own company stock include Charles J Rimer, Douglas E Brooks, Energy Corp Chord, Lynn A Peterson and Samantha Holroyd.
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Shares of CHRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHRD stock can currently be purchased for approximately $151.37.

Chord Energy (NASDAQ:CHRD) has a market capitalization of $6.29 billion and generates $3.65 billion in revenue each year. The company earns $1.86 billion in net income (profit) each year or $42.19 on an earnings per share basis.

Chord Energy's mailing address is 1001 FANNIN STREET SUITE 1500, HOUSTON TX, 77002. The official website for the company is www.chordenergy.com. The company can be reached via phone at 281-404-9500.