Chord Energy (NASDAQ:CHRD) Raised to “B-” at TheStreet

TheStreet upgraded shares of Chord Energy (NASDAQ:CHRDGet Rating) from a c rating to a b- rating in a research report report published on Monday, TheStreetRatingsTable reports.

CHRD has been the topic of a number of other reports. Piper Sandler lowered their price target on Chord Energy from $220.00 to $218.00 and set an overweight rating on the stock in a report on Thursday, November 17th. Royal Bank of Canada lifted their target price on Chord Energy from $170.00 to $195.00 and gave the stock an outperform rating in a report on Monday, October 31st. Finally, Citigroup lifted their target price on Chord Energy from $150.00 to $185.00 and gave the stock a buy rating in a report on Sunday, November 6th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chord Energy presently has a consensus rating of Moderate Buy and a consensus target price of $190.00.

Chord Energy Stock Performance

CHRD stock opened at $151.13 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.98 and a quick ratio of 0.94. The company has a market capitalization of $6.29 billion, a PE ratio of 2.47 and a beta of 1.45. Chord Energy has a 1 year low of $93.35 and a 1 year high of $181.34. The company has a fifty day moving average of $148.13.

Chord Energy (NASDAQ:CHRDGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $7.20 EPS for the quarter, missing analysts’ consensus estimates of $8.06 by ($0.86). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $842.00 million. Chord Energy had a net margin of 53.81% and a return on equity of 34.89%. As a group, analysts predict that Chord Energy will post 29.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th will be paid a $3.67 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a yield of 3.1%. Chord Energy’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling

In related news, major shareholder Energy Corp Chord sold 11,400,000 shares of Chord Energy stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $26.71, for a total value of $304,494,000.00. Following the transaction, the insider now owns 9,585,668 shares of the company’s stock, valued at approximately $256,033,192.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Energy Corp Chord sold 11,400,000 shares of Chord Energy stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $26.71, for a total value of $304,494,000.00. Following the transaction, the insider now owns 9,585,668 shares of the company’s stock, valued at approximately $256,033,192.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lynn A. Peterson sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $161.41, for a total value of $484,230.00. Following the sale, the insider now owns 227,138 shares of the company’s stock, valued at $36,662,344.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,404,500 shares of company stock valued at $305,218,245. 0.63% of the stock is owned by corporate insiders.

About Chord Energy

(Get Rating)

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.

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