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 (NYSE:CHRD) has seen a 33.73% increase in short interest, with 3.21 million shares sold short, representing 10.19% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. Chord Energy's short interest is higher than its peer group average of 6.50%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

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.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 3:01 pm

Mizuho analyst Nitin Kumar has maintained a Buy rating on Chord Energy (NASDAQ:CHRD) and increased the price target from $189 to $195.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:05 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Chord Energy (NASDAQ:CHRD) and raises the price target from $218 to $219.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:42 pm

Chord Energy (NYSE:CHRD) has seen a 13.16% increase in short interest since its last report, with 2.01 million shares sold short, representing 4.9% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 6.28%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

Stifel analyst Derrick Whitfield maintains a Buy rating on Chord Energy (NASDAQ:CHRD) and raises the price target from $178 to $211.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:49 pm

Piper Sandler analyst Mark Lear has maintained an Overweight rating on Chord Energy (NASDAQ:CHRD) and increased the price target from $205 to $218.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:49 pm

Chord Energy (NASDAQ:CHRD) has been analyzed by 4 analysts, showing a unanimous bullish sentiment with an average 12-month price target of $196.0, down from $198.00. The company's financial performance indicates challenges with a -5.51% revenue decline and below-average net margin and ROE, but excels in ROA and debt management.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:37 pm

Enerplus Corporation (NYSE:ERF) shares surged premarket after announcing a merger with Chord Energy Corporation (NASDAQ:CHRD) in an $11 billion deal. The transaction includes 90% stock and 10% cash, with Chord shareholders owning 67% and Enerplus 33% of the combined entity. The merger aims to create a leading Williston Basin operator with significant synergies and a projected $1.2 billion free cash flow in 2024. Enerplus and Chord reported Q4 EPS above consensus, influencing their stock movements.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 2:02 pm

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