Chord Energy (CHRD) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $126.58 to $132.26
• 50-Day Range: $123.80 to $137.78
• 52-Week Range: $123.30 to $190.23
• Volume: 882,165 shs
• Average Volume: 842,714 shs
• Market Capitalization: $7.78 billion
• P/E Ratio: 6.55
• Dividend Yield: 3.93%
• Price Target: $190.18
• Consensus Rating: Moderate Buy

Chord Energy Stock Analysis - MarketRank™

Chord Energy scored higher than 97% of companies evaluated by MarketBeat, and ranked 12th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Chord Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Chord Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -6.16%

Earnings Growth

Earnings for Chord Energy are expected to decrease by -6.16% in the coming year, from $16.87 to $15.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Chord Energy is 6.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Chord Energy is 6.55, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.08.

Price to Earnings Growth Ratio

Chord Energy has a PEG Ratio of 5.07. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Chord Energy has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.95% of the float of Chord Energy has been sold short.

Short Interest Ratio / Days to Cover

Chord Energy has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chord Energy has recently decreased by 3.25%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Chord Energy is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Chord Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Chord Energy is 25.75%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Chord Energy will have a dividend payout ratio of 31.59% next year. This indicates that Chord Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.95% of the float of Chord Energy has been sold short.

Short Interest Ratio / Days to Cover

Chord Energy has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chord Energy has recently decreased by 3.25%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.04

News Sentiment

Chord Energy has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Chord Energy this week, compared to 6 articles on an average week.

Search Interest

Only 3 people have searched for CHRD on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.

MarketBeat Follows

Only 14 people have added Chord Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Chord Energy insiders have bought 26,038.11% more of their company's stock than they have sold. Specifically, they have bought $74,755.00 in company stock and sold $286.00 in company stock.

Percentage Held by Insiders

Only 0.70% of the stock of Chord Energy is held by insiders.

Percentage Held by Institutions

97.76% of the stock of Chord Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CHRD Stock Analysis - Frequently Asked Questions

How have CHRD shares performed this year?

Chord Energy's stock was trading at $166.23 at the beginning of the year. Since then, CHRD stock has decreased by 23.4% and is now trading at $127.28.
View the best growth stocks for 2024 here.

How were Chord Energy's earnings last quarter?

Chord Energy Co. (NASDAQ:CHRD) released its quarterly earnings results on Wednesday, November, 6th. The company reported $3.40 earnings per share for the quarter, missing analysts' consensus estimates of $3.63 by $0.23. The business's revenue for the quarter was up 33.4% compared to the same quarter last year.

Who are Chord Energy's major shareholders?

Top institutional investors of Chord Energy include FMR LLC (5.59%), State Street Corp (4.07%), Victory Capital Management Inc. (3.63%) and Wellington Management Group LLP (2.67%). Insiders that own company stock include Energy Corp Chord, Lynn A Peterson, Michael H Lou, Charles J Rimer, Douglas E Brooks, Samantha Holroyd and Paul Korus.
View institutional ownership trends.

How do I buy shares of Chord Energy?

Shares of CHRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Chord Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Chord Energy investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Invesco QQQ (QQQ), Arista Networks (ANET), Advanced Micro Devices (AMD) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 9/5 Dividend: 8/21/2024
• Dividend Payable: 9/05/2024
• Last Earnings: 11/06/2024
• Today: 11/16/2024
• Ex-Dividend for 12/12 Dividend: 11/27/2024
• Dividend Payable: 12/12/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NASDAQ:CHRD
• CUSIP: N/A
• CIK: 1486159
• Web: www.chordenergy.com
• Phone: 281-404-9500
• Fax: N/A
• Employees: 530
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $190.18
• High Stock Price Target: $214.00
• Low Stock Price Target: $160.00
• Potential Upside/Downside: +49.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.92
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $19.42
• Trailing P/E Ratio: 6.55
• Forward P/E Ratio: 7.54
• P/E Growth: 5.07
• Net Income: $1.02 billion
• Net Margins: 19.74%
• Pretax Margin: 26.10%
• Return on Equity: 12.88%
• Return on Assets: 8.91%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.93
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $4.76 billion
• Price / Sales: 1.63
• Cash Flow: $33.49 per share
• Price / Cash Flow: 3.80
• Book Value: $143.58 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 61,130,000
• Free Float: 60,702,000
• Market Cap: $7.78 billion
• Optionable: Optionable
• Beta: 0.98