Chord Energy (NASDAQ:CHRD) PT Raised to $233.00 at Piper Sandler

Chord Energy (NASDAQ:CHRD) had its price target hoisted by analysts at Piper Sandler from $231.00 to $233.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 31.91% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Truist Financial lowered their price objective on Chord Energy from $229.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Royal Bank of Canada lifted their price objective on Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Mizuho lifted their price objective on Chord Energy from $195.00 to $214.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus lifted their price target on shares of Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $195.70.

Chord Energy Stock Performance

NASDAQ CHRD opened at $176.64 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.08. Chord Energy has a 52-week low of $142.02 and a 52-week high of $190.23. The business’s 50-day moving average price is $179.28 and its 200 day moving average price is $167.01. The firm has a market cap of $7.36 billion, a P/E ratio of 8.29 and a beta of 1.07.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.75 by $0.35. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $771.87 million. During the same quarter last year, the company posted $4.50 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. On average, equities research analysts expect that Chord Energy will post 22.53 earnings per share for the current year.

Institutional Trading of Chord Energy

Several institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System grew its stake in shares of Chord Energy by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 11,956 shares of the company’s stock valued at $1,938,000 after buying an additional 70 shares during the period. Xponance Inc. boosted its position in Chord Energy by 1.3% during the 4th quarter. Xponance Inc. now owns 6,070 shares of the company’s stock worth $1,009,000 after purchasing an additional 77 shares during the period. Contravisory Investment Management Inc. boosted its position in Chord Energy by 48.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 259 shares of the company’s stock worth $43,000 after purchasing an additional 85 shares during the period. Fortem Financial Group LLC boosted its position in Chord Energy by 1.6% during the 1st quarter. Fortem Financial Group LLC now owns 5,958 shares of the company’s stock worth $1,062,000 after purchasing an additional 91 shares during the period. Finally, Hussman Strategic Advisors Inc. boosted its position in Chord Energy by 1.6% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 6,300 shares of the company’s stock worth $1,021,000 after purchasing an additional 100 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

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.