Chord Energy Corporation (NASDAQ:CHRD) Declares Quarterly Dividend of $1.30

Chord Energy Corporation (NASDAQ:CHRD) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Thursday, March 12th will be paid a dividend of 1.30 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, March 12th.

Chord Energy has a dividend payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chord Energy to earn $13.13 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 39.6%.

Chord Energy Stock Up 2.1%

Shares of NASDAQ CHRD traded up $2.14 during mid-day trading on Thursday, reaching $105.84. The company had a trading volume of 301,550 shares, compared to its average volume of 795,166. The stock has a market capitalization of $6.02 billion, a PE ratio of 40.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.35. Chord Energy has a twelve month low of $79.83 and a twelve month high of $116.09. The stock’s 50 day moving average is $96.22 and its 200-day moving average is $96.99.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 earnings per share. As a group, equities analysts anticipate that Chord Energy will post 15.59 earnings per share for the current fiscal year.

Chord Energy Company Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.