Chord Energy (NASDAQ:CHRD) Price Target Raised to $158.00 at Piper Sandler

Chord Energy (NASDAQ:CHRD) had its target price boosted by Piper Sandler from $151.00 to $158.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

CHRD has been the subject of several other reports. Zacks Research cut Chord Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Citigroup downgraded Chord Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $97.00 in a research note on Wednesday, January 14th. Scotiabank reaffirmed a “sector perform” rating and set a $114.00 target price on shares of Chord Energy in a report on Friday, January 16th. William Blair began coverage on shares of Chord Energy in a report on Friday, November 21st. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Chord Energy from $113.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Chord Energy currently has an average rating of “Hold” and a consensus price target of $123.82.

Chord Energy Trading Up 4.6%

NASDAQ:CHRD opened at $119.29 on Thursday. Chord Energy has a 12 month low of $79.83 and a 12 month high of $121.05. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $98.80 and its 200 day moving average is $97.47. The stock has a market capitalization of $6.78 billion, a PE ratio of 189.35 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.03 billion. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same period last year, the business posted $3.49 earnings per share. Sell-side analysts expect that Chord Energy will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 12th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, March 12th. Chord Energy’s dividend payout ratio (DPR) is presently 825.40%.

Insiders Place Their Bets

In related news, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total value of $568,300.00. Following the transaction, the chief accounting officer owned 8,921 shares in the company, valued at $1,013,960.86. This trade represents a 35.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shannon Browning Kinney sold 1,801 shares of Chord Energy stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total value of $205,962.36. Following the completion of the transaction, the executive vice president owned 20,188 shares in the company, valued at approximately $2,308,699.68. This represents a 8.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sankala Group LLC purchased a new stake in Chord Energy in the 4th quarter worth approximately $57,000. MidFirst Bank bought a new position in shares of Chord Energy during the fourth quarter valued at approximately $115,000. Invesco Ltd. lifted its stake in Chord Energy by 23.6% in the fourth quarter. Invesco Ltd. now owns 318,448 shares of the company’s stock worth $29,520,000 after acquiring an additional 60,806 shares during the period. Alberta Investment Management Corp purchased a new stake in Chord Energy in the fourth quarter worth $1,381,000. Finally, Vident Advisory LLC boosted its holdings in Chord Energy by 15.6% in the fourth quarter. Vident Advisory LLC now owns 14,464 shares of the company’s stock valued at $1,341,000 after acquiring an additional 1,953 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Chord Energy News Summary

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

• Positive Sentiment: UBS raised its price target to $142 and kept a “buy” rating, signalling institutional confidence and providing fresh upside for the stock. Article Title
• Positive Sentiment: Piper Sandler boosted its target to $158 and maintained an “overweight” rating, implying an even larger upside and likely helping lift demand for shares. Article Title
• Neutral Sentiment: Q4 results were mixed — EPS beat estimates on lower expenses but revenues and production fell year-over-year and sales missed expectations. The beat supports valuation short-term, but weaker top-line and production trends are a caution. CHRD Q4 Earnings
• Neutral Sentiment: Short-interest reports show 0 shares and a 0.0 days-to-cover ratio — likely a reporting artifact and not a real directional driver for the stock today.
• Negative Sentiment: CAO Lara J. Kroll sold 5,000 shares (about $568k) on Mar 3, cutting her stake by ~35.9%; insider selling can sap sentiment even if not indicative of company fundamentals. Filing: SEC Filing
• Negative Sentiment: EVP Shannon Browning Kinney sold 1,801 shares (~$206k) on Mar 3, an ~8.2% reduction in her holding; further insider sales could pressure sentiment if they continue. Filing: SEC Filing

About Chord Energy

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.