Chord Energy (NASDAQ:CHRD) Price Target Raised to $142.00 at UBS Group

Chord Energy (NASDAQ:CHRD) had its price target lifted by UBS Group from $119.00 to $142.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also weighed in on CHRD. Weiss Ratings lowered Chord Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Pickering Energy Partners lowered shares of Chord Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 9th. Scotiabank reissued a “sector perform” rating and issued a $114.00 price objective on shares of Chord Energy in a research note on Friday, January 16th. Jefferies Financial Group set a $99.00 target price on shares of Chord Energy in a report on Saturday, January 17th. Finally, Royal Bank Of Canada reduced their price target on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Chord Energy has an average rating of “Hold” and a consensus price target of $123.82.

Chord Energy Price Performance

Shares of CHRD stock traded up $0.30 during midday trading on Thursday, reaching $119.59. 122,233 shares of the company traded hands, compared to its average volume of 873,771. The firm’s 50 day simple moving average is $98.80 and its two-hundred day simple moving average is $97.47. The firm has a market cap of $6.80 billion, a PE ratio of 189.83 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. Chord Energy has a 1-year low of $79.83 and a 1-year high of $122.00.

Chord Energy (NASDAQ:CHRD) last released 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The company’s revenue was down 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.49 EPS. On average, equities research analysts expect that Chord Energy will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 12th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, March 12th. Chord Energy’s dividend payout ratio is 825.40%.

Insider Activity

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

Hedge Funds Weigh In On Chord Energy

Several institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its position in shares of Chord Energy by 31.1% in the third quarter. Citigroup Inc. now owns 111,590 shares of the company’s stock worth $11,089,000 after acquiring an additional 26,499 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Chord Energy during the third quarter worth approximately $91,434,000. Wedge Capital Management L L P NC acquired a new position in shares of Chord Energy in the 3rd quarter valued at $13,092,000. AlphaQuest LLC grew its stake in shares of Chord Energy by 1,576.7% during the 3rd quarter. AlphaQuest LLC now owns 27,933 shares of the company’s stock valued at $2,776,000 after buying an additional 26,267 shares during the period. Finally, Creative Planning increased its holdings in shares of Chord Energy by 37.5% during the 2nd quarter. Creative Planning now owns 21,111 shares of the company’s stock worth $2,045,000 after buying an additional 5,754 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy News Roundup

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

• Positive Sentiment: UBS raised its price target on CHRD from $119 to $142 and kept a “buy” rating — this lift in analyst outlook supports further upside (~16.9% from the cited $121.50 reference). Read More.
• Positive Sentiment: Piper Sandler raised its price target from $151 to $158 and maintained an “overweight” rating — another institutional bullish signal implying roughly 30% upside from the same reference price. Read More., Read More.
• Neutral Sentiment: A comparative piece contrasts Chord with HyperDynamics, offering context on valuation and sector positioning but no company-specific catalysts. Read More.
• Neutral Sentiment: Short-interest data reported an increase but shows 0 shares / NaN in the feed (likely a reporting glitch); current days-to-cover is shown as 0.0 based on the cited average volume — not actionable until clarified by exchanges/brokers.
• Negative Sentiment: Chief Accounting Officer Lara J. Kroll sold 5,000 shares at an average $113.66 (filed with the SEC). Insider selling can be read as a modest negative signal on sentiment or for personal liquidity reasons. Read More.
• Negative Sentiment: EVP Shannon Browning Kinney sold 1,801 shares at an average $114.36 (SEC filing) — another insider sale that slightly increases selling pressure narrative. Read More.
• Negative Sentiment: Zacks reports CHRD beat Q4 EPS expectations due to lower expenses but saw year-over-year revenue and production declines and missed on sales — a mixed fundamental print that tempers enthusiasm from analyst upgrades. Read More.

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.