Highlights

  • Weiss Ratings maintains Chord Energy rating at "hold (c-)" in latest report.
  • Multiple analysts adjust price targets; consensus currently at USD 143.42.
  • Recent quarterly revenue surpassed estimates at USD 1.18 billion, EPS below expectations.

Chord Energy (NASDAQ:CHRD) saw its rating reaffirmed as "hold (c-)" by Weiss Ratings on Wednesday. The stock has experienced a range of rating updates from other analysts in recent months.

  • Wells Fargo & Company increased its price target from USD 146.00 to USD 149.00, maintaining an "overweight" rating.
  • Wall Street Zen downgraded shares from "hold" to "sell" on July 18th.
  • Bank of America raised its price target from USD 112.00 to USD 123.00 and assigned a "buy" rating.
  • Piper Sandler reduced its price target from USD 169.00 to USD 167.00 with an "overweight" rating.
  • Citigroup increased its target from USD 120.00 to USD 125.00, rating the stock as "buy."

Currently, Chord Energy has one "Strong Buy," nine "Buy," two "Hold," and one "Sell" rating. MarketBeat.com reports the stock holds an average rating of "Moderate Buy," with a consensus price target of USD 143.42.

Quarterly Performance

The company released its latest quarterly results on August 6th.

  • Revenue reached USD 1.18 billion, exceeding the consensus estimate of USD 984.07 million.
  • Earnings per share (EPS) were USD 1.79, below analyst expectations of USD 1.88.
  • Net margin stood at 5.02%, and return on equity was 9.02%.
  • Year-over-year revenue increased by 5.3%, while EPS decreased from USD 4.69 in the prior-year quarter.

Equity analysts forecast Chord Energy will post USD 15.59 earnings per share for the current fiscal year.

Company Overview

Chord Energy Corporation operates as an independent exploration and production company in the United States. Its activities include acquiring, exploring, developing, and producing crude oil, natural gas, and natural gas liquids primarily in the Williston Basin.

  • The company distributes its products to refiners, marketers, and other purchasers with access to nearby pipeline and rail infrastructure.
  • Its operations are focused on optimizing production efficiency and leveraging logistical access for product delivery.