Chord Energy Co. (NASDAQ:CHRD - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $128.68 and last traded at $129.51, with a volume of 138023 shares trading hands. The stock had previously closed at $132.82.
Analyst Ratings Changes
Several analysts have recently commented on CHRD shares. BMO Capital Markets began coverage on Chord Energy in a report on Monday, June 3rd. They set an "outperform" rating and a $230.00 price objective for the company. Piper Sandler dropped their price target on Chord Energy from $234.00 to $206.00 and set an "overweight" rating on the stock in a research note on Thursday, August 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Chord Energy in a research report on Friday, September 20th. Jefferies Financial Group assumed coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a "hold" rating and a $160.00 target price for the company. Finally, Truist Financial cut their price target on shares of Chord Energy from $226.00 to $223.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.10.
Read Our Latest Analysis on CHRD
Chord Energy Price Performance
The firm has a market capitalization of $5.31 billion, a PE ratio of 5.98, a P/E/G ratio of 4.92 and a beta of 0.99. The firm's fifty day moving average price is $149.35 and its 200 day moving average price is $166.33. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.
Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $5.00 by ($0.31). The business had revenue of $902.70 million during the quarter, compared to analysts' expectations of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. Chord Energy's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.65 earnings per share. As a group, equities analysts forecast that Chord Energy Co. will post 18.48 earnings per share for the current year.
Chord Energy Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.92%. The ex-dividend date was Wednesday, August 21st. Chord Energy's dividend payout ratio is currently 23.46%.
Insider Transactions at Chord Energy
In other news, Director Samantha Holroyd purchased 500 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the transaction, the director now owns 14,417 shares in the company, valued at $2,155,485.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Fortem Financial Group LLC boosted its holdings in Chord Energy by 1.6% in the 1st quarter. Fortem Financial Group LLC now owns 5,958 shares of the company's stock worth $1,062,000 after buying an additional 91 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Chord Energy by 0.6% during the first quarter. New York State Teachers Retirement System now owns 15,792 shares of the company's stock worth $2,815,000 after purchasing an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Chord Energy by 125.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock valued at $41,000 after purchasing an additional 136 shares during the last quarter. Rise Advisors LLC purchased a new position in Chord Energy in the 1st quarter valued at $31,000. Finally, Janney Montgomery Scott LLC boosted its stake in Chord Energy by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,531 shares of the company's stock worth $1,086,000 after purchasing an additional 175 shares during the last quarter. 97.76% of the stock is 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.
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