Chord Energy Co. (NASDAQ:CHRD) Receives Average Rating of “Moderate Buy” from Analysts

Chord Energy Co. (NASDAQ:CHRD) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $157.00.

Several equities analysts have commented on the stock. Wolfe Research raised shares of 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. Royal Bank of Canada dropped their target price on Chord Energy from $165.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Piper Sandler cut their target price on Chord Energy from $193.00 to $184.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Morgan Stanley set a $139.00 price target on Chord Energy and gave the company a “cautious” rating in a research report on Wednesday, March 26th. Finally, Truist Financial upped their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Institutional Trading of Chord Energy

Several large investors have recently added to or reduced their stakes in CHRD. Altshuler Shaham Ltd purchased a new position in shares of Chord Energy during the fourth quarter valued at $25,000. Brooklyn Investment Group acquired a new position in shares of Chord Energy in the 4th quarter valued at about $29,000. Twin Tree Management LP purchased a new stake in shares of Chord Energy in the fourth quarter worth approximately $33,000. Larson Financial Group LLC boosted its holdings in shares of Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares during the period. Finally, R Squared Ltd acquired a new position in Chord Energy in the 4th quarter valued at approximately $51,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Stock Performance

Shares of NASDAQ CHRD opened at $94.43 on Friday. Chord Energy has a 12-month low of $79.83 and a 12-month high of $188.02. The company has a market cap of $5.62 billion, a PE ratio of 4.86, a P/E/G ratio of 5.83 and a beta of 0.96. The stock has a 50 day simple moving average of $104.12 and a 200-day simple moving average of $116.67. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a $1.30 dividend. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a yield of 5.51%. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.

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.