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

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

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.