Chord Energy (CHRD) Set to Announce Quarterly Earnings on Wednesday

Chord Energy (NASDAQ:CHRD - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Chord Energy to post earnings of $3.63 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.00 by ($0.31). The firm had revenue of $902.70 million for the quarter, compared to the consensus estimate of $982.43 million. Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The company's revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.65 EPS. On average, analysts expect Chord Energy to post $17 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Chord Energy Stock Performance

NASDAQ:CHRD traded up $0.35 during mid-day trading on Wednesday, hitting $126.32. 610,815 shares of the stock were exchanged, compared to its average volume of 876,585. The firm's 50-day simple moving average is $135.59 and its 200 day simple moving average is $159.02. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 5.00 and a beta of 0.97. Chord Energy has a fifty-two week low of $124.50 and a fifty-two week high of $190.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96.

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 issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Wednesday, August 21st. Chord Energy's dividend payout ratio is currently 24.27%.

Insider Transactions at Chord Energy

In other news, Director Samantha Holroyd acquired 500 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

CHRD has been the topic of several research reports. Bank of America raised their price target on shares of Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Chord Energy in a report on Friday, September 20th. Truist Financial cut their price target on Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Wells Fargo & Company dropped their price target on Chord Energy from $185.00 to $180.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Finally, Piper Sandler upped their target price on Chord Energy from $206.00 to $211.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.18.

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.