Chord Energy (CHRD) Scheduled to Post Earnings on Wednesday

Chord Energy (NASDAQ:CHRD) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Chord Energy to post earnings of $5.00 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Tuesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.75 by $0.35. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $771.87 million. During the same quarter in the previous year, the business posted $4.50 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect Chord Energy to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Chord Energy Trading Up 0.0 %

CHRD opened at $169.35 on Wednesday. The company’s 50 day moving average is $172.19 and its 200-day moving average is $170.12. The company has a market cap of $7.06 billion, a P/E ratio of 7.95, a PEG ratio of 0.94 and a beta of 1.01. Chord Energy has a 1-year low of $148.32 and a 1-year high of $190.23. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.08.

Chord Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a $2.94 dividend. This represents a $11.76 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date was Tuesday, May 21st. Chord Energy’s payout ratio is 23.46%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup initiated coverage on Chord Energy in a research report on Monday, July 1st. They issued a “buy” rating and a $195.00 target price for the company. Royal Bank of Canada upped their price target on shares of Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Mizuho boosted their price objective on shares of Chord Energy from $195.00 to $214.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Bank of America reaffirmed a “buy” rating and set a $201.00 target price on shares of Chord Energy in a research report on Friday, June 14th. Finally, Wolfe Research started coverage on Chord Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $210.78.

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.