Chord Energy (CHRD) to Release Earnings on Tuesday

Chord Energy (NASDAQ:CHRD) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Chord Energy to post earnings of $4.75 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.21. The company had revenue of $964.69 million during the quarter, compared to analysts’ expectations of $891.67 million. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. On average, analysts expect Chord Energy to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Chord Energy Stock Performance

Shares of NASDAQ CHRD traded down $4.34 during trading hours on Tuesday, reaching $180.00. 187,598 shares of the stock were exchanged, compared to its average volume of 649,780. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 7.64 and a beta of 1.06. The stock’s fifty day simple moving average is $173.39 and its 200 day simple moving average is $165.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.22. Chord Energy has a 52 week low of $133.34 and a 52 week high of $190.23.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were issued a $3.25 dividend. This represents a $13.00 dividend on an annualized basis and a yield of 7.22%. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 4th. Chord Energy’s dividend payout ratio is currently 21.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their target price on shares of Chord Energy from $189.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada boosted their price objective on shares of Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday. Truist Financial lowered their target price on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Bank of America lowered Chord Energy from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $177.00 to $165.00 in a report on Friday, January 5th. Finally, Stifel Nicolaus upped their price objective on shares of Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.50.

Insider Buying and Selling at Chord Energy

In other news, CFO Michael H. Lou sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $165.00, for a total value of $495,000.00. Following the sale, the chief financial officer now directly owns 128,209 shares in the company, valued at approximately $21,154,485. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Chord Energy Company Profile

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.