Mizuho Lowers Chord Energy (NASDAQ:CHRD) Price Target to $178.00

Chord Energy (NASDAQ:CHRD - Get Free Report) had its price target lowered by equities researchers at Mizuho from $192.00 to $178.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 53.20% from the company's current price.

CHRD has been the topic of a number of other reports. Piper Sandler raised their target price on Chord Energy from $211.00 to $212.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Wells Fargo & Company reduced their target price on shares of Chord Energy from $185.00 to $180.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada dropped their price target on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Bank of America lifted their price target on Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Finally, UBS Group decreased their price target on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chord Energy presently has an average rating of "Moderate Buy" and a consensus price target of $184.55.

Chord Energy Stock Down 2.6 %

Chord Energy stock traded down $3.09 during midday trading on Monday, hitting $116.19. The stock had a trading volume of 923,264 shares, compared to its average volume of 892,034. The stock has a market cap of $7.10 billion, a P/E ratio of 6.01, a P/E/G ratio of 4.79 and a beta of 0.96. The business has a fifty day moving average price of $127.88 and a 200 day moving average price of $146.48. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy has a 12 month low of $115.92 and a 12 month high of $190.23.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business 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% on a year-over-year basis. During the same period last year, the firm posted $5.04 earnings per share. Research analysts predict that Chord Energy will post 16.5 EPS for the current year.

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 on Monday, December 9th. The shares were sold at an average price of $121.27, for a total transaction of $121,270.00. Following the sale, the chief accounting officer now directly owns 20,488 shares of the company's stock, valued at $2,484,579.76. The trade was a 4.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its position in Chord Energy by 11.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,899 shares of the company's stock worth $654,000 after purchasing an additional 403 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Chord Energy during the 2nd quarter valued at $19,532,000. Raymond James & Associates lifted its stake in shares of Chord Energy by 77.6% in the 2nd quarter. Raymond James & Associates now owns 140,582 shares of the company's stock valued at $23,573,000 after purchasing an additional 61,442 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Chord Energy by 98.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,292 shares of the company's stock worth $552,000 after buying an additional 1,630 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Chord Energy during the second quarter worth $207,000. Hedge funds and other institutional investors own 97.76% of the company's stock.

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.