Citigroup Raises Chord Energy (NASDAQ:CHRD) Price Target to $155.00

Chord Energy (NASDAQ:CHRD) had its price objective boosted by analysts at Citigroup from $120.00 to $155.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 8.64% from the company’s current price.

A number of other brokerages also recently commented on CHRD. Morgan Stanley upgraded shares of Chord Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $114.00 to $168.00 in a report on Friday. Weiss Ratings raised Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Zacks Research raised Chord Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Royal Bank Of Canada cut their target price on Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Finally, Mizuho set a $148.00 target price on Chord Energy in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.83.

Chord Energy Stock Down 2.4%

Shares of CHRD traded down $3.57 during midday trading on Tuesday, reaching $142.67. 840,732 shares of the stock were exchanged, compared to its average volume of 1,034,359. Chord Energy has a 52 week low of $79.83 and a 52 week high of $148.41. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $111.95 and its two-hundred day moving average is $100.33. The company has a market capitalization of $8.09 billion, a P/E ratio of 226.21 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the firm earned $3.49 earnings per share. On average, sell-side analysts anticipate that Chord Energy will post 15.59 earnings per share for the current year.

Insider Activity at Chord Energy

In related news, Director Douglas E. Brooks sold 2,126 shares of Chord Energy stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $120.28, for a total value of $255,715.28. Following the sale, the director directly owned 25,181 shares in the company, valued at $3,028,770.68. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lara J. Kroll sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total value of $568,300.00. Following the completion of the sale, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at approximately $1,013,960.86. This trade represents a 35.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,927 shares of company stock worth $2,912,028 over the last three months. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Chord Energy

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

Chord Energy News Summary

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

• Positive Sentiment: Chord hit a 52-week high as Nasdaq 100 momentum lifted the stock, signaling strong buying interest and index-related flows that can sustain near-term upside. Read More.
• Positive Sentiment: Zacks reports upward earnings-estimate revisions for CHRD, which often precede analyst upgrades and further buying from momentum-focused funds. That improves the buy case for near-term bulls. Read More.
• Positive Sentiment: Zacks also highlights CHRD among stocks trading near 52-week highs with upside potential and publishes multiple momentum-focused pieces on the name — reinforcing the narrative that momentum investors may keep buying. Read More.
• Positive Sentiment: Chord was added to Zacks’ Rank #1 (Strong Buy) income-stock list, which can attract income and dividend-focused buyers. Read More.
• Positive Sentiment: Market analysts note CHRD’s momentum characteristics (Zacks pieces explaining why it’s a momentum stock), which supports continuation of the rally while momentum remains intact. Read More.
• Neutral Sentiment: Coverage comparing CHRD to peers (e.g., EOG) shows CHRD has outperformed parts of the sector this year, providing context but not a direct catalyst. Investors should watch relative performance vs oil names. Read More.
• Positive Sentiment: Financial-industry coverage: a recent upgrade at Morgan Stanley adds credibility and can prompt institutional buying. Read More.
• Negative Sentiment: Valuation and recent fundamentals leave the stock vulnerable to pullbacks — CHRD trades at a very high forward multiple (PE ~225 noted in public data), last quarter showed revenue down ~20% YoY and thin net margins; those factors support profit-taking and greater sensitivity to downside news. 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.