The Analyst Landscape: 8 Takes On Chord Energy
Portfolio Pulse from Benzinga Insights
In the last three months, 8 analysts have provided diverse ratings on Chord Energy (NASDAQ:CHRD), with a recent shift towards bullish perspectives. The average 12-month price target has increased to $203.38, reflecting a positive sentiment. Analysts from firms like Mizuho, Piper Sandler, Stifel, and Truist Securities have adjusted their price targets and ratings, indicating a bullish outlook. Chord Energy, an independent exploration and production company, has shown a decline in revenue growth by -5.01% but maintains a strong net margin of 31.5% and a low debt-to-equity ratio of 0.11.
March 14, 2024 | 3:01 pm
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Chord Energy has received increasingly bullish ratings from analysts, with an updated average 12-month price target of $203.38. Despite a revenue decline, its strong net margin and low debt-to-equity ratio suggest financial health.
The positive adjustment in analyst ratings and price targets for CHRD, combined with its financial performance indicators such as net margin and debt management, suggest a bullish short-term impact on its stock price. The increase in the average price target reflects growing confidence among analysts, which could influence investor sentiment and drive up the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100