Chord Energy (CHRD) Expected to Announce Quarterly Earnings on Wednesday

Chord Energy (NASDAQ:CHRD - Get Free Report) is expected to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect Chord Energy to post earnings of $2.75 per share and revenue of $1.04 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Chord Energy Stock Up 0.7 %

Shares of CHRD stock traded up $0.74 during mid-day trading on Friday, reaching $110.93. 641,472 shares of the company were exchanged, compared to its average volume of 721,197. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The business's 50 day simple moving average is $117.12 and its 200 day simple moving average is $129.64. The company has a market capitalization of $6.78 billion, a P/E ratio of 5.71, a P/E/G ratio of 5.46 and a beta of 0.98. Chord Energy has a fifty-two week low of $107.24 and a fifty-two week high of $190.23.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy's payout ratio is currently 25.75%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their price target on Chord Energy from $176.00 to $175.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Morgan Stanley began coverage on Chord Energy in a report on Friday, January 10th. They issued an "equal weight" rating and a $158.00 price target for the company. Truist Financial raised their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Piper Sandler lowered their target price on shares of Chord Energy from $194.00 to $193.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group reduced their price target on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating on the stock in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $173.08.

Insider Transactions at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the completion of the sale, the chief accounting officer now owns 19,488 shares of the company's stock, valued at $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.70% of the company's stock.

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.