UBS Group Lowers Chord Energy (NASDAQ:CHRD) Price Target to $161.00

Chord Energy (NASDAQ:CHRD) had its price objective decreased by equities research analysts at UBS Group from $168.00 to $161.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 34.92% from the stock’s previous close.

A number of other research firms have also recently weighed in on CHRD. Jefferies Financial Group started coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price on the stock. Bank of America increased their target price on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. BMO Capital Markets decreased their price target on Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Truist Financial lowered their target price on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and an average target price of $187.82.

Chord Energy Price Performance

Shares of CHRD stock opened at $119.33 on Monday. The company has a market capitalization of $7.29 billion, a P/E ratio of 6.14, a P/E/G ratio of 4.70 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy has a 12 month low of $115.96 and a 12 month high of $190.23. The stock has a 50 day moving average of $129.00 and a two-hundred day moving average of $148.21.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $5.04 EPS. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. As a group, equities analysts expect that Chord Energy will post 16.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHRD. Hexagon Capital Partners LLC boosted its position in Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after buying an additional 162 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Chord Energy in the 3rd quarter valued at about $26,000. UMB Bank n.a. grew its position in shares of Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after buying an additional 101 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Chord Energy during the second quarter worth approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after buying an additional 136 shares during the period. Institutional investors own 97.76% of the company’s stock.

About Chord Energy

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.