Chord Energy FY2024 EPS Reduced by Capital One Financial

Chord Energy Co. (NASDAQ:CHRD - Free Report) - Research analysts at Capital One Financial reduced their FY2024 earnings per share (EPS) estimates for Chord Energy in a report released on Tuesday, January 21st. Capital One Financial analyst P. Johnston now forecasts that the company will earn $16.02 per share for the year, down from their previous estimate of $16.15. The consensus estimate for Chord Energy's current full-year earnings is $15.64 per share. Capital One Financial also issued estimates for Chord Energy's Q4 2024 earnings at $2.81 EPS, Q1 2025 earnings at $2.95 EPS, Q2 2025 earnings at $3.50 EPS, Q3 2025 earnings at $3.65 EPS, Q4 2025 earnings at $3.57 EPS, FY2025 earnings at $13.67 EPS and FY2026 earnings at $14.87 EPS.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company's quarterly revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.04 EPS.

Other research analysts also recently issued reports about the company. Truist Financial boosted their target price on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a report on Monday, January 13th. UBS Group dropped their price objective 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. Wells Fargo & Company lowered their price target on shares of Chord Energy from $176.00 to $175.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada decreased their target price on Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Finally, Mizuho reduced their price target on Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Chord Energy has an average rating of "Moderate Buy" and a consensus target price of $173.08.

Chord Energy Stock Performance

NASDAQ:CHRD traded down $1.39 during mid-day trading on Thursday, hitting $120.72. The stock had a trading volume of 409,116 shares, compared to its average volume of 622,606. The company's 50 day simple moving average is $121.93 and its 200 day simple moving average is $136.66. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 6.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. Chord Energy has a twelve month low of $109.59 and a twelve month high of $190.23.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Wednesday, November 27th. Chord Energy's payout ratio is 25.75%.

Insider Activity at Chord Energy

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its stake in shares of Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock valued at $26,000 after buying an additional 162 shares during the period. Stone House Investment Management LLC bought a new stake in Chord Energy in the third quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new stake in Chord Energy during the 4th quarter valued at approximately $29,000. UMB Bank n.a. raised its holdings in Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company's stock worth $30,000 after purchasing an additional 101 shares during the last quarter. Finally, Spartan Fund Management Inc. acquired a new position in shares of Chord Energy in the 3rd quarter worth approximately $34,000. 97.76% of the stock is owned by institutional investors.

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.