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 six analyst ratings in the last quarter, all of which are either bullish or somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target for CHRD is $191.17, with a high of $221.00 and a low of $178.00. This target has increased by 7.1% over the past month. Analyst ratings are based on research, financial statements, meetings, and insider information, and are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 12:00 pm

Wells Fargo analyst Hanwen Chang has initiated coverage on Chord Energy (NASDAQ:CHRD) with an Overweight rating and set a price target of $189 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:29 am

Chord has updated its full-year 2023 outlook, expecting to generate approximately $1.73B of Adjusted EBITDA and $800MM of Adjusted Free Cash Flow, with a reinvestment rate of approximately 50%. Changes to the outlook include increased volume projections, higher E&P and other CapEx, adjusted commodity price differentials, increased LOE per BOE, and lowered Cash G&A. Chord expects cash taxes to range between 0% – 10% of Adjusted EBITDA in 4Q23.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:57 pm

Chord Energy (NASDAQ:CHRD) reported Q3 earnings of $5.04 per share, beating the analyst consensus estimate of $4.97 by 1.41%. However, this is a 30% decrease from the same period last year. The company also reported quarterly sales of $1.12 billion, beating the estimate of $822.53 million by 36.57%, but this is a 5.51% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:56 pm

Chord Energy (NASDAQ:CHRD) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $4.90. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $163.69, up 9.91% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:01 pm

Mizuho analyst Nitin Kumar maintains a 'Buy' rating on Chord Energy (NASDAQ:CHRD) and raises the price target from $180 to $194.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:07 pm

Chord Energy (NASDAQ:CHRD) has received positive analyst ratings in the last quarter, with 5 bullish and 4 somewhat bullish ratings. Over the past 3 months, 9 analysts have offered 12-month price targets for Chord Energy, with an average price target of $191.56, a decrease of 1.43% from the previous average price target of $194.33.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 6:00 pm

Truist Securities analyst Neal Dingmann has reiterated a 'Buy' rating on Chord Energy (NASDAQ:CHRD) and maintained a price target of $221.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 4:08 pm

BMO Capital analyst Phillip Jungwirth has initiated coverage on Chord Energy (NASDAQ:CHRD) with an Outperform rating and a price target of $185.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 10:36 am

RBC Capital analyst Scott Hanold has reiterated an 'Outperform' rating on Chord Energy (NASDAQ:CHRD) and maintained a price target of $180.

Portfolio Pulse from richadhand@benzinga.com

August 23, 2023 | 12:47 pm

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