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

106.51

Mkt cap

6.4B

Volume

828K

High

108.55

P/E Ratio

6.72

52-wk high

190.23

Low

106.35

Div yield

0.08

52-wk low

99.40

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

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

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