Chord Energy (NASDAQ:CHRD) sets a new 12-month low of $128.68

VaselineSeptember 26, 2024

0 4 minutes read

Shares of Chord Energy Co. (NASDAQ:CHRD – Get Free Report ) hit a new 52-week low on Thursday. The stock traded as high as $128.68 and last traded at $129.51 with a volume of 138023 shares. Shares previously closed at $132.82.

The Wall Street analyst weighs in

CHRD has been the subject of several recent analyst reports. Citigroup cut their price target on Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Jefferies Financial Group assumed 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. BMO Capital Markets began coverage on shares of Chord Energy in a research report on Monday, June 3rd. They set an “outperform” rating and a $230.00 price objective for the company. Truist Financial decreased their price objective on shares of Chord Energy from $226.00 to $223.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Bank of America boosted their target price on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. . Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.10, according to data from MarketBeat.

Read our latest Chord Energy report

Agreement energy stock down 3.0%

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The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 6.04, a P/E/G ratio of 4.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96, and a quick ratio of 0.91. The stock has a fifty day moving average of $150.31 and a two hundred day moving average of $166.60.

Chord Energy (NASDAQ:CHRD – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The firm had revenue of $902.70 million during the quarter, compared to analyst estimates of $982.43 million. In the same quarter last year, the firm posted EPS of $3.65. The company’s revenue for the quarter was up 29.8% year over year. Sell-side analysts anticipate that Chord Energy Co. will post 18.48 earnings per share for the current year.

Chord Energy cuts dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 21. This represents a dividend of $5.00 on an annualized basis and a yield of 3.88%. Chord Energy’s payout ratio is currently 23.46%.

Insider trading at Chord Energy

In related news, Director Samantha Holroyd bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Corporate insiders own 0.70% of the company’s shares.

Institutional inputs and outputs

Hedge funds have recently made changes to their business positions. Kraematon Investment Advisors Inc. bought a new position in Chord Energy in the second quarter valued at approximately $4,426,000. Capital Fund Management SA boosted its position in shares of Chord Energy by 252.9% in the 4th quarter. Capital Fund Management SA now owns 43,934 shares of the company’s stock valued at $7,303,000 after buying an additional 31,484 shares during the last quarter. Sei Investments Co. boosted its position in shares of Chord Energy by 24.0% in the first quarter. Sei Investments Co. now owns 144,166 shares of the company’s stock valued at $25,696,000 after purchasing an additional 27,903 shares during the last quarter. Quantbot Technologies LP bought a new stake in Chord Energy in the first quarter worth $884,000. Finally, BOKF NA raised its position in Chord Energy by 1,678.3% in the first quarter. BOKF NA now owns 15,471 shares of the company’s stock valued at $2,751,000 after purchasing an additional 14,601 shares during the last quarter. 97.76% of shares are currently held by institutional investors and hedge funds.

Chord Energy Company Profile

(Get a 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 buyers who have access to nearby pipeline and rail facilities.