Chord Energy (NASDAQ:CHRD) Price Target Raised to $186.00 at Truist Financial

Chord Energy (NASDAQ:CHRD - Free Report) had its target price increased by Truist Financial from $185.00 to $186.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also issued reports on the company. Wells Fargo & Company increased their price objective on Chord Energy from $175.00 to $176.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. UBS Group cut their price target on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a research note on Monday, December 9th. Mizuho lowered their price target on Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Wolfe Research raised shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Siebert Williams Shank raised shares of Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chord Energy currently has an average rating of "Moderate Buy" and an average target price of $173.23.

Chord Energy Stock Up 1.8 %

NASDAQ:CHRD traded up $2.25 on Monday, hitting $126.03. 169,387 shares of the company's stock traded hands, compared to its average volume of 591,875. The company has a market cap of $7.70 billion, a PE ratio of 6.49, 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 company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $122.59 and a 200-day moving average price of $138.94.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company posted $5.04 EPS. The firm's quarterly revenue was up 33.4% compared to the same quarter last year. Equities analysts anticipate that Chord Energy will post 16.5 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is 25.75%.

Insider Transactions at Chord Energy

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

Institutional Trading of Chord Energy

A number of hedge funds have recently bought and sold shares of CHRD. Kings Path Partners LLC acquired a new position in shares of Chord Energy during the fourth quarter valued at about $117,000. Franklin Resources Inc. raised its holdings in Chord Energy by 72.5% in the 3rd quarter. Franklin Resources Inc. now owns 27,434 shares of the company's stock valued at $3,631,000 after acquiring an additional 11,527 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Chord Energy by 14.9% in the 3rd quarter. Synovus Financial Corp now owns 5,869 shares of the company's stock worth $764,000 after acquiring an additional 761 shares during the period. Sanctuary Advisors LLC grew its holdings 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 purchasing an additional 892 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of Chord Energy by 11.7% during the third quarter. TCW Group Inc. now owns 33,540 shares of the company's stock valued at $4,368,000 after purchasing an additional 3,500 shares during the period. 97.76% of the stock is owned by 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.