Chord Energy (NASDAQ:CHRD) Given New $193.00 Price Target at Piper Sandler

Chord Energy (NASDAQ:CHRDGet Free Report) had its target price dropped by equities researchers at Piper Sandler from $194.00 to $193.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 49.69% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Truist Financial boosted their price target on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, January 3rd. Mizuho reduced their price target on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and set a $138.00 price objective (down previously from $208.00) on shares of Chord Energy in a research report on Monday. Finally, Wells Fargo & Company decreased their target price on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.08.

Get Our Latest Report on CHRD

Chord Energy Stock Up 1.8 %

NASDAQ CHRD traded up $2.23 during trading hours on Wednesday, reaching $128.93. 251,190 shares of the company traded hands, compared to its average volume of 604,896. The stock has a market capitalization of $7.88 billion, a PE ratio of 6.64, a PEG ratio of 4.79 and a beta of 0.99. 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 $109.59 and a 12 month high of $190.23. The company has a 50 day moving average of $122.60 and a two-hundred day moving average of $138.36.

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

Insider Activity

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at $2,267,428.80. This trade represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Chord Energy

Several hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC increased its stake in Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 162 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Chord Energy in the third quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy during the fourth quarter valued at approximately $29,000. UMB Bank n.a. boosted its stake in Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after purchasing an additional 101 shares during the period. Finally, Spartan Fund Management Inc. purchased a new position in shares of Chord Energy during the third quarter valued at $34,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Company Profile

(Get Free Report)

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.

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