Chord Energy (NASDAQ:CHRD) Hits New 1-Year Low - Time to Sell?

Chord Energy Co. (NASDAQ:CHRD - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $109.44 and last traded at $111.74, with a volume of 139898 shares changing hands. The stock had previously closed at $112.45.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Chord Energy from $176.00 to $175.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Piper Sandler decreased their target price on shares of Chord Energy from $194.00 to $193.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price target for the company in a report on Friday, January 3rd. Royal Bank of Canada cut their price target on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Finally, Bank of America reaffirmed a "neutral" rating and set a $138.00 price objective (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chord Energy presently has a consensus rating of "Moderate Buy" and an average price target of $173.08.

Chord Energy Price Performance

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 stock has a market cap of $6.62 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 5.67 and a beta of 0.98. The firm has a 50-day moving average price of $118.99 and a 200-day moving average price of $132.61.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced 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 firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business's quarterly revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the business posted $5.04 EPS. On average, analysts forecast that Chord Energy Co. will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.62%. The ex-dividend date was Wednesday, November 27th. Chord Energy's payout ratio is currently 25.75%.

Insider Buying and Selling at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was 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 in the company, valued at $2,267,428.80. This trade represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company's stock.

Institutional Trading of Chord Energy

Several institutional investors have recently bought and sold shares of CHRD. Proficio Capital Partners LLC bought a new position in shares of Chord Energy during the fourth quarter valued at $3,540,000. M&T Bank Corp purchased a new position in shares of Chord Energy during the fourth quarter valued at approximately $1,004,000. Victory Capital Management Inc. lifted its position in Chord Energy by 27.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock valued at $334,912,000 after purchasing an additional 619,021 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chord Energy by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 497,073 shares of the company's stock valued at $58,118,000 after buying an additional 39,401 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Chord Energy during the fourth quarter valued at $99,000. 97.76% of the stock is owned by hedge funds and other 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.