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 projects its FY24 E&P and other CapEx to be between $905M and $945M, with about 80% allocated to drilling and completions. The company plans to operate 103 to 113 gross wells, maintain oil volumes at 97 to 101 MBopd, and expects an adjusted free cash flow of approximately $875M, assuming $79/Bbl WTI and $2.50/MMBtu Henry Hub prices.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:30 pm

Chord Energy (NASDAQ:CHRD) reported Q4 adjusted EPS of $5.25, surpassing the $4.97 estimate, but its sales of $830.16M fell short of the $868.68M estimate. This represents a slight decrease in earnings and a 6.52% drop in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 10:29 pm

Enerplus shareholders will receive 0.10125 shares of Chord common stock and $1.84 in cash for each common share of Enerplus owned at closing, as per the agreement terms.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:27 pm

Chord Energy Corporation (CHRD) and Enerplus Corporation (ERF) announced a definitive arrangement to combine in an $11 billion transaction, creating a premier Williston Basin-focused E&P company. The combined entity will have 1.3 million net acres, 287,000 Boepd production in 4Q23, and is expected to generate significant free cash flow and shareholder returns. The deal, comprising 90% stock and 10% cash, will see Chord shareholders owning 67% and Enerplus shareholders 33% of the new company. The merger aims to enhance operating scale, drive returns, and achieve cost synergies up to $150 million annually, with a post-transaction return of capital at 75%+ of free cash flow.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:26 pm

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

Chord Energy (NASDAQ:CHRD) is anticipated to release its quarterly earnings report on February 21, 2024, with an expected EPS of $4.97. Analysts and investors are keen on not just the earnings beat but also the forward guidance. Historically, Chord Energy has shown a positive trend in beating EPS estimates, leading to stock price increases. The company's shares have seen a 25.38% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:01 pm

Wall Street's most accurate analysts have recommended three high-dividend yielding energy stocks: HF Sinclair Corporation (DINO), Murphy Oil Corporation (MUR), and Chord Energy Corporation (CHRD). These recommendations come amidst market turbulence, highlighting the stocks' strong dividend yields and recent corporate actions or appointments.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:37 pm

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.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:01 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on Chord Energy (NASDAQ:CHRD) but reduced the price target from $183 to $178.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:22 pm

Chord Energy (NASDAQ:CHRD) received mixed analyst ratings with 2 bullish and 3 somewhat bullish over the past three months. The average 12-month price target is $189.8, down from the previous $196.00. Analysts from Mizuho, RBC Capital, Stifel, Piper Sandler, and Wells Fargo provided updates, with price target adjustments reflecting recent market conditions and company performance. Chord Energy's financials show a revenue decline of -5.51% over 3 months, a high net margin of 18.54%, a below-average ROE of 4.27%, an above-average ROA of 3.09%, and a low debt-to-equity ratio of 0.11.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:01 pm

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