Chord Energy Corporation (CHRD) To Go Ex-Dividend on March 12th

Chord Energy Corporation (NASDAQ:CHRD) announced a quarterly dividend on Wednesday, February 25th. Investors 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 4.2%. The ex-dividend date of this dividend is Thursday, March 12th.

Chord Energy has a payout ratio of 53.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of NASDAQ CHRD opened at $123.22 on Tuesday. 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 one year low of $79.83 and a one year high of $127.56. The business’s 50-day moving average price is $100.06 and its two-hundred day moving average price is $97.69. The company has a market capitalization of $7.00 billion, a P/E ratio of 195.59 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.11. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $3.49 EPS. The firm’s revenue was down 19.6% on a year-over-year basis. Analysts anticipate that Chord Energy will post 15.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHRD has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Chord Energy from $119.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings downgraded Chord Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Citigroup raised their target price on shares of Chord Energy from $97.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank Of Canada dropped their price objective on Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Finally, Mizuho set a $148.00 price objective on shares of Chord Energy in a research note on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

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.