Chord Energy FY2024 EPS Lifted by Capital One Financial

Chord Energy Co. (NASDAQ:CHRD - Free Report) - Analysts at Capital One Financial lifted their FY2024 earnings estimates for shares of Chord Energy in a note issued to investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $16.15 for the year, up from their previous forecast of $16.10. The consensus estimate for Chord Energy's current full-year earnings is $16.50 per share. Capital One Financial also issued estimates for Chord Energy's Q4 2024 earnings at $2.94 EPS, Q1 2025 earnings at $3.30 EPS, Q2 2025 earnings at $4.21 EPS, Q3 2025 earnings at $4.64 EPS, Q4 2025 earnings at $4.84 EPS, FY2025 earnings at $16.98 EPS and FY2026 earnings at $18.07 EPS.

A number of other research analysts also recently commented on CHRD. UBS Group decreased their price objective on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a research report on Monday, December 9th. Truist Financial upped their price objective on Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Monday. Siebert Williams Shank raised Chord Energy to a "strong-buy" rating in a report on Tuesday, October 15th. Piper Sandler reduced their target price on shares of Chord Energy from $212.00 to $194.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Finally, Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price objective for the company in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chord Energy presently has a consensus rating of "Moderate Buy" and an average target price of $173.23.

Chord Energy Stock Up 1.2 %

Shares of NASDAQ CHRD traded up $1.44 during trading hours on Monday, hitting $125.22. The company had a trading volume of 212,453 shares, compared to its average volume of 601,080. The stock has a market capitalization of $7.65 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 4.79 and a beta of 0.99. Chord Energy has a 1-year low of $109.59 and a 1-year high of $190.23. The firm's 50 day moving average is $122.59 and its 200-day moving average is $138.94. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

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

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.

Insider Buying and Selling

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $116.35, for a total value of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company's stock, valued at $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chord Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kings Path Partners LLC acquired a new stake in Chord Energy during the 4th quarter valued at approximately $117,000. Franklin Resources Inc. lifted its stake in Chord Energy by 72.5% in the third quarter. Franklin Resources Inc. now owns 27,434 shares of the company's stock valued at $3,631,000 after buying an additional 11,527 shares during the period. Synovus Financial Corp boosted its holdings in shares of Chord Energy by 14.9% during the 3rd quarter. Synovus Financial Corp now owns 5,869 shares of the company's stock worth $764,000 after buying an additional 761 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Chord Energy by 21.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,141 shares of the company's stock worth $691,000 after buying an additional 892 shares during the period. Finally, TCW Group Inc. increased its stake in shares of Chord Energy by 11.7% in the 3rd quarter. TCW Group Inc. now owns 33,540 shares of the company's stock valued at $4,368,000 after acquiring an additional 3,500 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

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.