Chord Energy (NASDAQ:CHRD) Given New $173.00 Price Target at Wells Fargo & Company

Chord Energy (NASDAQ:CHRD) had its target price trimmed by Wells Fargo & Company from $174.00 to $173.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Seaport Research Partners assumed coverage on Chord Energy in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Scotiabank initiated coverage on Chord Energy in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $192.00 price objective on the stock. Truist Financial lifted their price objective on Chord Energy from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Wall Street Zen upgraded Chord Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Finally, Weiss Ratings upgraded Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.62.

Chord Energy Trading Up 3.1%

NASDAQ:CHRD traded up $4.04 during trading hours on Friday, reaching $136.49. 749,075 shares of the company were exchanged, compared to its average volume of 709,334. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 8.56 and a beta of 0.48. Chord Energy has a 52-week low of $84.41 and a 52-week high of $159.96. The stock has a 50 day simple moving average of $145.42 and a 200 day simple moving average of $131.87.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.40. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.35 EPS. As a group, analysts predict that Chord Energy will post 23.11 EPS for the current year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Thursday, November 19th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, November 19th. Chord Energy’s payout ratio is currently 32.60%.

Insider Transactions at Chord Energy

In other news, Director Samantha Mckinney sold 9,750 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total value of $1,461,915.00. Following the completion of the sale, the director owned 7,280 shares of the company’s stock, valued at $1,091,563.20. This represents a 57.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Shannon Kinney sold 4,019 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the sale, the executive vice president owned 13,560 shares of the company’s stock, valued at approximately $1,898,400. This trade represents a 22.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,969 shares of company stock worth $2,324,479. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chord Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CHRD. Bank of New York Mellon Corp purchased a new stake in shares of Chord Energy during the second quarter valued at approximately $66,489,000. Jennison Associates LLC acquired a new position in Chord Energy in the 1st quarter worth $60,190,000. Dimensional Fund Advisors LP lifted its holdings in Chord Energy by 27.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock worth $220,078,000 after buying an additional 329,565 shares in the last quarter. First Trust Advisors LP lifted its holdings in Chord Energy by 98.2% in the 1st quarter. First Trust Advisors LP now owns 579,920 shares of the company’s stock worth $82,453,000 after buying an additional 287,340 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC purchased a new position in Chord Energy in the 1st quarter valued at about $40,302,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Key Chord Energy News

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

• Positive Sentiment: Q3 results topped expectations. Chord reported adjusted EPS of $6.08 versus a $5.68 estimate and revenue of $1.71 billion versus $1.64 billion. Revenue rose 30% year over year, reinforcing the company’s earnings momentum. Q3 results
• Positive Sentiment: 2026 oil outlook lifted. Coverage says Chord raised its oil outlook following the strong quarter; updated production guidance for the fourth quarter and full year may also shape investor expectations. 2026 oil outlook coverage
• Positive Sentiment: Truist raised its price target to $197 from $195 and reiterated a Buy rating, signaling continued analyst confidence. Truist rating coverage
• Positive Sentiment: Dividend supports shareholder returns. The company declared a $1.30 quarterly dividend, equivalent to $5.20 annually.
• Positive Sentiment: Valuation commentary points to potential upside. A recent analysis suggests CHRD could be about 27% below fair value, though that estimate is not a guarantee of future performance. Fair value analysis
• Neutral Sentiment: Wells Fargo made a small target cut to $173 from $174, while maintaining its Overweight rating. The change is modest and the rating remains favorable. Wells Fargo rating coverage

About Chord Energy

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.