Citigroup Issues Positive Forecast for Chord Energy (NASDAQ:CHRD) Stock Price

Chord Energy (NASDAQ:CHRD) had its price target lifted by Citigroup from $97.00 to $120.00 in a research note published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank Of Canada reduced their target price on Chord Energy from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Wells Fargo & Company cut their price target on Chord Energy from $113.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, January 27th. Mizuho set a $148.00 price objective on Chord Energy in a report on Friday, January 9th. Morgan Stanley lowered their target price on Chord Energy from $123.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Finally, UBS Group increased their target price on Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.91.

Chord Energy Stock Up 1.7%

Shares of Chord Energy stock traded up $2.07 during trading on Friday, reaching $121.36. 1,936,715 shares of the company traded hands, compared to its average volume of 954,933. 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 $122.46. The company has a 50 day moving average price of $99.42 and a 200-day moving average price of $97.61. The firm has a market capitalization of $6.90 billion, a PE ratio of 192.63 and a beta of 0.84.

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

Chord Energy Announces Dividend

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

Insider Buying and Selling

In other news, CAO Lara J. Kroll sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shannon Browning Kinney sold 1,801 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total value of $205,962.36. Following the sale, the executive vice president owned 20,188 shares of the company’s stock, valued at $2,308,699.68. This trade represents a 8.19% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chord Energy

Several hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Chord Energy in the third quarter valued at approximately $91,434,000. Orion Porfolio Solutions LLC boosted its position in Chord Energy by 6,714.2% in the second quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock worth $68,675,000 after purchasing an additional 698,680 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Chord Energy by 85.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,218,167 shares of the company’s stock worth $112,927,000 after purchasing an additional 561,899 shares during the last quarter. AQR Capital Management LLC grew its stake in Chord Energy by 210.5% in the 2nd quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock valued at $71,110,000 after purchasing an additional 497,789 shares during the period. Finally, Barclays PLC grew its stake in Chord Energy by 186.2% in the 3rd quarter. Barclays PLC now owns 501,170 shares of the company’s stock valued at $49,801,000 after purchasing an additional 326,054 shares during the period. Institutional investors own 97.76% of the company’s stock.

Chord Energy News Roundup

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

• Positive Sentiment: UBS raised its price target to $142 and maintained a Buy — a sizable institutional upgrade that likely supported buying interest. Read More.
• Positive Sentiment: Piper Sandler boosted its target to $158 and kept an Overweight rating; the firm cited oil-supply risk as a tailwind for names like CHRD. Read More.
• Neutral Sentiment: Citigroup raised its target to $120 but kept a Neutral rating — the higher target narrows upside, but the neutral stance mutes the bullish signal. Read More.
• Neutral Sentiment: Analyst roundup: a Benzinga “Expert Outlook” summarizes 10 analyst views (mixed ratings and targets), giving context to the recent upgrades versus some hold/sell opinions. Read More.
• Neutral Sentiment: Reported short-interest data in feeds shows a reporting glitch (0 shares / NaN); not actionable until exchanges update official figures.
• Negative Sentiment: Insider selling: EVP Shannon Browning Kinney sold ~1,801 shares for ~$205,962 (avg ~$114.36) — disclosed on Form 4; insider sales can sap sentiment. Read More.
• Negative Sentiment: Another insider sale: CAO Lara Kroll sold 5,000 shares at ~$113.66 (SEC filing), trimming her position significantly. Read More.
• Negative Sentiment: Q4: CHRD beat EPS on lower expenses but showed year-over-year revenue and production declines and declared a $1.30 quarterly dividend (annualized $5.20). The very high reported payout ratio raises sustainability questions for the dividend. 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.