Streetbeat News

CHRD

Chord Energy Corporation

https://www.chordenergy.com

Industry

Oil & Gas Exploration & Production

Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. The company was founded in 2007 and is headquartered in Houston, Texas.

Open

131.96

Mkt cap

8.2B

Volume

1.1M

High

136.38

P/E Ratio

6.47

52-wk high

190.23

Low

131.65

Div yield

0.08

52-wk low

123.30

Chord Energy (NASDAQ:CHRD) has received mixed analyst ratings over the past three months, with an overall bullish sentiment. The average 12-month price target for CHRD has been raised to $212.9, indicating a 5.14% increase from the previous target of $202.50. Analysts from firms like Mizuho, RBC Capital, Piper Sandler, Truist Securities, and Stifel have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Chord Energy's financials show strong revenue growth, net margin, ROE, and ROA, positioning it favorably compared to industry peers.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:01 pm

Mizuho analyst Nitin Kumar maintains a Buy rating on Chord Energy (NASDAQ:CHRD) and raises the price target from $195 to $214.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:25 pm

Chord Energy (NASDAQ:CHRD) reported Q1 2024 adjusted EPS of $5.10, surpassing the $4.72 estimate, but its sales of $748.3M fell short of the $776.843M forecast, marking a 2.34% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:52 pm

The InfraCap Small Cap Income ETF (SCAP) experienced a 1% increase on Monday, continuing its upward trend after a 0.9% rise on Friday. SCAP, a value fund, includes the iShares Russell 2000 ETF (IWM) and a variety of small-cap stocks, aiming to attract cyclical investors looking towards small-cap investments for growth potential. SCAP's strategy involves a mix of quantitative and qualitative analysis for selecting holdings, offering a diversified investment option. Its top holdings include MKS Instruments, Inc (MKSI), GoDaddy, Inc (GDDY), Chord Energy Corp (CHRD), Jefferies Financial Group, Inc (JEF), among others. SCAP has shown a 10% increase since its inception, with recent trading indicating a continued uptrend.

Portfolio Pulse from Melanie Schaffer

May 06, 2024 | 5:01 pm

RBC Capital analyst Scott Hanold has maintained an Outperform rating on Chord Energy (NASDAQ:CHRD) and increased the price target from $180 to $200.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:55 pm

Chord Energy (NYSE:CHRD) has seen an 8.34% increase in its short percent of float since the last report, with 3.48 million shares sold short, representing 11.04% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of a price drop. Chord Energy's short interest is higher than its peer group average of 6.67%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Chord Energy (NASDAQ:CHRD) and raises the price target from $219 to $230.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:39 pm

The InfraCap Small Cap Income ETF (SCAP) focuses on investing in small-cap companies for high yield and total return, using a blend of quantitative and qualitative analysis to outperform passive funds. SCAP's structure offers tax benefits by avoiding capital gains through in-kind redemptions. Despite the inherent risks of small-cap investments, SCAP has outperformed its passive counterparts like the Russell 2000 Index and the iShares Morningstar Small-Cap ETF (ISCB) in 2024. SCAP's portfolio includes significant holdings in iShares Russell 2000 ETF (IWM), MKS Instruments Inc (MKSI), Chord Energy Corp (CHRD), GoDaddy Inc (GDDY), and Herc Holdings Inc (HRI).

Portfolio Pulse from Johnny Rice

April 08, 2024 | 5:00 pm

Chord Energy and Enerplus have announced the expiration of the HSR Act waiting period, moving them closer to completing their previously announced stock-and-cash transaction. The deal is expected to close in the second quarter of 2024, pending the satisfaction of certain closing conditions.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:06 am

Truist Securities analyst Neal Dingmann maintains a Buy rating on Chord Energy (NASDAQ:CHRD) but lowers the price target from $229 to $224.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:19 pm

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