Chord Energy (NASDAQ:CHRD) Sets New 52-Week High Following Analyst Upgrade

Shares of Chord Energy Corporation (NASDAQ:CHRD) hit a new 52-week high during trading on Tuesday after Truist Financial upgraded the stock to a strong-buy rating. The stock traded as high as $136.29 and last traded at $136.4170, with a volume of 148112 shares changing hands. The stock had previously closed at $130.75.

Several other research firms have also issued reports on CHRD. Citigroup raised their price target on shares of Chord Energy from $97.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. UBS Group increased their price objective on shares of Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Weiss Ratings raised shares of Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 17th. Scotiabank restated a “sector perform” rating and issued a $114.00 target price on shares of Chord Energy in a report on Friday, January 16th. Finally, Morgan Stanley cut their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.42.

Insiders Place Their Bets

In other Chord Energy news, EVP Michael H. Lou sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $125.47, for a total transaction of $1,882,050.00. Following the transaction, the executive vice president directly owned 82,699 shares in the company, valued at approximately $10,376,243.53. This represents a 15.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas E. Brooks sold 2,126 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $120.28, for a total transaction of $255,715.28. Following the sale, the director directly owned 25,181 shares of the company’s stock, valued at approximately $3,028,770.68. This trade represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,927 shares of company stock valued at $2,912,028 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Trending Headlines about Chord Energy

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

• Positive Sentiment: Truist/Truist Securities initiated coverage and/or upgraded Chord to a buy/strong-buy with a $169 price target (~22% upside from the recent price). This analyst action is the primary near-term catalyst lifting the stock, as buy-rated coverage from a mid‑size brokerage often brings fresh institutional attention and flows. MSN: Truist initiates coverage Benzinga: Truist coverage
• Neutral Sentiment: Several automated short-interest filings in the past 24–48 hours show inconsistent/zero values (likely data/reporting errors). These conflicting prints can create noise for traders but are not reliable signals by themselves — confirm with official exchange reports before acting.
• Negative Sentiment: Separately, more credible March data show a meaningful increase in short interest to ~4.39M shares (about 7.8% of shares outstanding) — a ~20.9% rise from late February — with a days-to-cover around 2.8. That higher short exposure can increase downward pressure or intra‑day volatility and raises the possibility of sharp moves if sentiment turns.

Hedge Funds Weigh In On Chord Energy

Institutional investors have recently made changes to their positions in the stock. WealthCollab LLC boosted its position in shares of Chord Energy by 90.6% during the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 145 shares in the last quarter. Quent Capital LLC bought a new stake in Chord Energy in the 3rd quarter valued at about $32,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Chord Energy in the 3rd quarter valued at about $46,000. Rockefeller Capital Management L.P. raised its stake in Chord Energy by 213.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 501 shares of the company’s stock worth $47,000 after buying an additional 341 shares during the period. Finally, Triumph Capital Management acquired a new position in Chord Energy during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Trading Up 0.9%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The firm has a fifty day simple moving average of $108.77 and a 200-day simple moving average of $99.50. The firm has a market cap of $7.84 billion, a P/E ratio of 219.46 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $3.49 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis. On average, equities research analysts expect that Chord Energy Corporation 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. Investors of record on Thursday, March 12th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.20 annualized dividend and a yield of 3.8%. Chord Energy’s dividend payout ratio (DPR) is presently 825.40%.

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.