Chord Energy Co. (NASDAQ:CHRD - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $125.01 and last traded at $125.01, with a volume of 2583 shares trading hands. The stock had previously closed at $128.85.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. UBS Group initiated coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They set a "buy" rating and a $168.00 price target for the company. Wolfe Research started coverage on shares of Chord Energy in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Bank of America lifted their price target on shares of Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Siebert Williams Shank upgraded shares of Chord Energy to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated 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. Two equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.18.
Read Our Latest Stock Analysis on CHRD
Chord Energy Stock Down 1.9 %
The business has a 50 day moving average price of $136.61 and a 200 day moving average price of $159.88. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock has a market cap of $7.82 billion, a PE ratio of 6.14, a P/E/G ratio of 5.00 and a beta of 0.97.
Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing analysts' consensus estimates of $5.00 by ($0.31). Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The firm had revenue of $902.70 million for the quarter, compared to analyst estimates of $982.43 million. During the same period in the previous year, the business earned $3.65 EPS. Chord Energy's revenue for the quarter was up 29.8% compared to the same quarter last year. Equities research analysts expect that Chord Energy Co. will post 17.07 EPS for the current fiscal year.
Chord Energy Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Wednesday, August 21st. Chord Energy's payout ratio is currently 24.27%.
Insider Activity
In other Chord Energy news, Director Samantha Holroyd acquired 500 shares of the company's stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the acquisition, the director now owns 14,417 shares in the company, valued at approximately $2,155,485.67. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company's stock.
Institutional Trading of Chord Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. AustralianSuper Pty Ltd acquired a new stake in Chord Energy in the 3rd quarter worth about $6,247,000. First Trust Direct Indexing L.P. purchased a new position in shares of Chord Energy in the third quarter valued at approximately $228,000. New York State Teachers Retirement System increased its position in shares of Chord Energy by 0.4% during the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company's stock worth $3,552,000 after purchasing an additional 100 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Chord Energy during the third quarter worth approximately $47,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Chord Energy by 22.5% during the third quarter. Nisa Investment Advisors LLC now owns 3,705 shares of the company's stock worth $483,000 after purchasing an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company's stock.
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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