Chord Energy (CHRD) to Release Earnings on Wednesday

Chord Energy (NASDAQ:CHRD) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $3.63 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $982.43 million. During the same quarter in the previous year, the business earned $3.65 earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, analysts expect Chord Energy to post $17 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Chord Energy Stock Down 0.2 %

Shares of NASDAQ:CHRD traded down $0.23 during trading on Tuesday, reaching $125.04. The stock had a trading volume of 30,275 shares, compared to its average volume of 872,957. Chord Energy has a one year low of $123.30 and a one year high of $190.23. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.74 billion, a P/E ratio of 6.08, a PEG ratio of 4.80 and a beta of 0.98. The firm’s 50-day simple moving average is $133.62 and its 200 day simple moving average is $157.41.

Chord Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $1.25 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.00%. Chord Energy’s dividend payout ratio is currently 24.27%.

Analysts Set New Price Targets

CHRD has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Chord Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their target price on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial reduced their target price on Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Jefferies Financial Group initiated coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 price target on the stock. Finally, Citigroup decreased their price objective on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Two 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

Insider Buying and Selling

In related news, Director Samantha Holroyd bought 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares of the company’s stock, valued at $2,155,485.67. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% 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.