Shares of Chord Energy Co. (NASDAQ:CHRD - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $107.24 and last traded at $106.47, with a volume of 621212 shares traded. The stock had previously closed at $114.30.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on CHRD shares. Bank of America reaffirmed a "neutral" rating and issued a $138.00 price objective (down from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Piper Sandler cut their price target on Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group decreased their price objective on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a report on Monday, December 9th. Mizuho cut their target price on Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Wells Fargo & Company decreased their price target on shares of Chord Energy from $176.00 to $175.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $165.42.
Check Out Our Latest Stock Report on Chord Energy
Chord Energy Stock Performance
The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $115.91 and its two-hundred day moving average is $125.57. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 5.27, a P/E/G ratio of 5.83 and a beta of 0.98.
Chord Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 5.08%. Chord Energy's payout ratio is currently 32.62%.
Insider Activity
In related news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.27, for a total value of $121,270.00. Following the sale, the chief accounting officer now owns 20,488 shares in the company, valued at approximately $2,484,579.76. This represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.
Hedge Funds Weigh In On Chord Energy
Several institutional investors and hedge funds have recently modified their holdings of CHRD. Pacer Advisors Inc. boosted its holdings in shares of Chord Energy by 8,762.1% during the 3rd quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company's stock worth $162,141,000 after buying an additional 1,230,985 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Chord Energy by 41.3% during the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock worth $292,423,000 after acquiring an additional 656,374 shares during the period. Point72 Asset Management L.P. grew its position in shares of Chord Energy by 143.8% in the third quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company's stock valued at $114,705,000 after purchasing an additional 519,547 shares during the last quarter. FMR LLC increased its stake in shares of Chord Energy by 11.5% during the fourth quarter. FMR LLC now owns 3,814,384 shares of the company's stock worth $445,978,000 after purchasing an additional 394,372 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in Chord Energy during the 4th quarter worth approximately $43,745,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.
About Chord Energy
(
Get Free Report)
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.
Further Reading
Before you consider Chord Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chord Energy wasn't on the list.
While Chord Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
