Zacks Research Upgrades Chord Energy (NASDAQ:CHRD) to “Strong-Buy”

Chord Energy (NASDAQ:CHRD) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chord Energy in a report on Monday, June 29th. Wall Street Zen raised Chord Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Mizuho boosted their price target on Chord Energy from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. Roth Capital reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Chord Energy in a research note on Monday. Finally, Weiss Ratings raised Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.54.

Chord Energy Stock Performance

NASDAQ CHRD opened at $150.85 on Tuesday. Chord Energy has a fifty-two week low of $84.25 and a fifty-two week high of $157.06. The stock has a market cap of $8.25 billion, a PE ratio of 10.11 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.22. The firm’s fifty day moving average price is $144.33 and its two-hundred day moving average price is $136.93.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.55 by ($0.11). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.62 billion. Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The company’s revenue was up 128.6% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. On average, equities analysts expect that Chord Energy will post 22.27 EPS for the current fiscal year.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, Director Douglas Brooks sold 8,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $133.14, for a total value of $1,065,120.00. Following the sale, the director owned 10,705 shares in the company, valued at approximately $1,425,263.70. The trade was a 42.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Samantha Mckinney sold 9,750 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $149.94, for a total value of $1,461,915.00. Following the completion of the sale, the director directly owned 7,280 shares of the company’s stock, valued at approximately $1,091,563.20. The trade was a 57.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 23,969 shares of company stock worth $3,389,599. Insiders own 0.79% of the company’s stock.

Institutional Trading of Chord Energy

Several institutional investors have recently added to or reduced their stakes in CHRD. Bank of New York Mellon Corp bought a new position in Chord Energy during the 2nd quarter worth approximately $66,489,000. Jennison Associates LLC acquired a new position in shares of Chord Energy in the 1st quarter worth approximately $60,190,000. Dimensional Fund Advisors LP boosted its stake in shares of Chord Energy by 27.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock valued at $220,078,000 after purchasing an additional 329,565 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Chord Energy by 98.2% in the 1st quarter. First Trust Advisors LP now owns 579,920 shares of the company’s stock valued at $82,453,000 after purchasing an additional 287,340 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Chord Energy during the first quarter worth $40,302,000. 97.76% of the stock is currently owned by institutional investors.

Key Stories Impacting Chord Energy

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: UBS raised its price target to $197 from $193 and maintained a Buy rating, implying substantial potential upside based on the referenced market price. The target increase is a direct positive catalyst for CHRD. Chord Energy price target raised by UBS
• Positive Sentiment: Zacks cited favorable earnings-estimate revisions as evidence that Chord Energy may continue its recent upward momentum, potentially improving expectations ahead of its next results. Why Chord Energy Might Be Well Poised for a Surge
• Positive Sentiment: CHRD was added to several Zacks Rank #1 Strong Buy lists on October 21, including growth, value, income and momentum screens. The repeated inclusion highlights favorable quantitative characteristics across multiple investment styles. New Strong Buy Stocks for October 21
• Neutral Sentiment: Commentary also describes Chord Energy as a growth, value and momentum candidate, while a separate article discusses whether the company is undervalued under new CEO Michael Lou. These are supportive themes but largely reiterate existing investment factors rather than announce new operating developments. Is Chord Energy Undervalued as New CEO Takes Charge?
• Neutral Sentiment: Investors are approaching an earnings catalyst. Chord Energy’s prior quarter included strong revenue growth but a slight EPS miss, so future results and guidance could determine whether the recent bullish estimates are validated. Strong Buy Growth Stocks Before Earnings

About Chord Energy

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.