Chord Energy (CHRD) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chord Energy in the last year. 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.
View CHRD analyst ratings or view top-rated stocks.

9 brokerages have issued 1-year price targets for Chord Energy's stock. Their CHRD share price forecasts range from $151.00 to $221.00. On average, they expect the company's share price to reach $185.89 in the next year. This suggests a possible upside of 12.4% 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 20.9% and is now trading at $165.40.
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Chord Energy saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,640,000 shares, an increase of 6.0% from the August 31st total of 2,490,000 shares. Based on an average daily trading volume, of 490,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 6.6% of the shares of the stock are short sold.
View Chord Energy's Short Interest.

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 the consensus estimate of $3.96 by $0.31. The business had revenue of $695.40 million for the quarter, compared to analysts' expectations of $677.85 million. Chord Energy had a trailing twelve-month return on equity of 19.07% and a net margin of 44.17%. The firm's revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.30 earnings per share.

Chord Energy declared a quarterly dividend on Monday, August 7th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $1.36 per share on Tuesday, August 29th. This represents a $5.44 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, August 14th. This is a positive change 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 3.14%. 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 number 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.
View institutional ownership trends.

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 $165.40.

Chord Energy (NASDAQ:CHRD) has a market capitalization of $6.87 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.