Chord Energy (CHRD) Projected to Post Quarterly Earnings on Wednesday

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

Chord Energy Price Performance

Shares of CHRD traded up $1.32 during trading hours on Thursday, reaching $115.67. 685,742 shares of the company's stock traded hands, compared to its average volume of 738,722. Chord Energy has a 12 month low of $107.24 and a 12 month high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.07 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 5.65 and a beta of 0.98. The firm's 50 day simple moving average is $116.73 and its 200-day simple moving average is $128.55.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 4.32%. Chord Energy's payout ratio is presently 25.75%.

Insider Activity at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,488 shares of the company's stock, valued at $2,267,428.80. This trade represents a 4.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CHRD shares. Morgan Stanley initiated coverage on shares of Chord Energy in a research report on Friday, January 10th. They set an "equal weight" rating and a $158.00 price objective on the stock. Royal Bank of Canada dropped their price target on Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. Bank of America reiterated a "neutral" rating and issued a $138.00 price objective (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Chord Energy from $176.00 to $175.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Finally, Wolfe Research upgraded Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price for the company in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.08.

Chord Energy Company Profile

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.