Chord Energy (NASDAQ:CHRD) Price Target Lowered to $145.00 at Royal Bank of Canada

Chord Energy (NASDAQ:CHRD) had its target price cut by research analysts at Royal Bank of Canada from $165.00 to $145.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 71.46% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Bank of America lowered their price target on shares of Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their price target on Chord Energy from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research note on Friday, January 3rd. Williams Trading set a $155.00 price target on shares of Chord Energy in a report on Wednesday, March 5th. Finally, Truist Financial boosted their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.62.

Chord Energy Stock Down 1.5 %

Shares of Chord Energy stock traded down $1.32 during trading on Friday, hitting $84.57. 254,364 shares of the stock traded hands, compared to its average volume of 964,117. 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 stock’s fifty day simple moving average is $106.56 and its 200 day simple moving average is $118.31. The firm has a market cap of $5.03 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. Chord Energy has a 52-week low of $79.83 and a 52-week high of $190.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CHRD. HighTower Advisors LLC increased its holdings in shares of Chord Energy by 58.7% during the 3rd quarter. HighTower Advisors LLC now owns 6,821 shares of the company’s stock valued at $899,000 after purchasing an additional 2,522 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Chord Energy in the third quarter valued at $201,000. EP Wealth Advisors LLC acquired a new position in shares of Chord Energy in the third quarter worth about $424,000. XTX Topco Ltd boosted its stake in shares of Chord Energy by 81.1% during the 3rd quarter. XTX Topco Ltd now owns 3,237 shares of the company’s stock worth $422,000 after acquiring an additional 1,450 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Chord Energy by 7.5% during the 3rd quarter. MML Investors Services LLC now owns 11,733 shares of the company’s stock valued at $1,528,000 after acquiring an additional 821 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

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.