Evaluating Chord Energy: Insights From 6 Financial Analysts
Portfolio Pulse from Benzinga Insights
Chord Energy (NASDAQ:CHRD) was analyzed by 6 financial analysts, showing a mix of bullish sentiments with no bearish or indifferent ratings. The average 12-month price target is $187.83, down from $192.75. Analysts from firms like Stifel, Mizuho, RBC Capital, Piper Sandler, and Wells Fargo have provided various ratings and price target adjustments. Chord Energy, an independent exploration and production company, has seen a -5.51% revenue decline as of September 30, 2023, a below-average net margin of 18.54%, and an ROE of 4.27%, but an impressive ROA of 3.09% and a low debt-to-equity ratio of 0.11.
January 23, 2024 | 8:01 pm
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NEUTRAL IMPACT
Chord Energy has a mix of bullish analyst ratings with a slight decrease in the average price target. The company's financials show a revenue decline, below-average net margin and ROE, but a strong ROA and low debt-to-equity ratio.
The mixed bullish sentiment from analysts and the slight decrease in the average price target suggest a neutral short-term impact on CHRD's stock price. The revenue decline could be a concern for investors, but the strong ROA and low debt-to-equity ratio may mitigate negative perceptions. The company's financial performance indicates both strengths and weaknesses, which could lead to a balanced market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100