Chord Energy (CHRD) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chord Energy in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CHRD shares.
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9 Wall Street research analysts have issued 1-year price objectives for Chord Energy's shares. Their CHRD share price forecasts range from $151.00 to $221.00. On average, they anticipate the company's stock price to reach $186.00 in the next year. This suggests a possible upside of 19.2% from the stock's current price.
View analysts price targets for CHRD or view top-rated stocks among Wall Street analysts.

Chord Energy's stock was trading at $136.81 on January 1st, 2023. Since then, CHRD shares have increased by 14.0% and is now trading at $156.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CHRD earnings forecast.

Chord Energy Co. (NASDAQ:CHRD) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.96 by $0.31. The firm earned $695.40 million during the quarter, compared to the consensus estimate of $677.85 million. Chord Energy had a net margin of 44.17% and a trailing twelve-month return on equity of 19.07%. The company's quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.30 earnings per share.

Chord Energy announced a quarterly dividend on Monday, August 7th. Shareholders of record on Tuesday, August 15th will be given a dividend of $1.36 per share on Tuesday, August 29th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for CHRD.

ETFs with the largest weight of Chord Energy (NASDAQ:CHRD) stock in their portfolio include Grizzle Growth ETF (GRZZ), Invesco Dorsey Wright Energy Momentum ETF (PXI), WBI BullBear Yield 3000 ETF (WBIG), Amplify Natural Resources Dividend Income ETF (NDIV), Invesco Energy Exploration & Production ETF (PXE), Cambria Value and Momentum ETF (VAMO), First Trust Natural Gas ETF (FCG) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

Chord Energy (NASDAQ:CHRD) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.22%. The dividend payout ratio is 12.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHRD will have a dividend payout ratio of 17.89% 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.77%), State Street Corp (4.36%), JPMorgan Chase & Co. (2.39%), Geode Capital Management LLC (2.26%), Jennison Associates LLC (1.92%) and Dimensional Fund Advisors LP (1.71%). Insiders that own company stock include Charles J Rimer, Douglas E Brooks, Energy Corp Chord, Lynn A Peterson, Michael H Lou 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 $156.00.

Chord Energy (NASDAQ:CHRD) has a market capitalization of $6.48 billion and generates $3.65 billion in revenue each year. The company earns $1.86 billion in net income (profit) each year or $40.92 on an earnings per share basis.

The company employs 531 workers across the globe.

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.