Chord Energy Co. (NASDAQ:CHRD) Declares Quarterly Dividend of $1.25

Chord Energy Co. (NASDAQ:CHRD) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 1.25 per share on Thursday, December 12th. This represents a $5.00 annualized dividend and a yield of 3.81%. The ex-dividend date is Wednesday, November 27th.

Chord Energy has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Chord Energy to earn $16.06 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 31.1%.

Chord Energy Price Performance

Shares of Chord Energy stock traded down $1.76 on Friday, reaching $131.10. 63,490 shares of the stock were exchanged, compared to its average volume of 879,443. The firm’s 50 day moving average is $132.59 and its 200-day moving average is $156.69. The firm has a market cap of $8.11 billion, a PE ratio of 6.84, a P/E/G ratio of 4.86 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96. Chord Energy has a one year low of $123.30 and a one year high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $5.04 earnings per share. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. As a group, analysts anticipate that Chord Energy will post 17.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHRD has been the topic of several research analyst reports. Wolfe Research initiated coverage on Chord Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Jefferies Financial Group began 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. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. UBS Group assumed coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They issued a “buy” rating and a $168.00 target price on the stock. Finally, Truist Financial decreased their target price on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.18.

Insider Transactions at Chord Energy

In other news, Director Samantha Holroyd purchased 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were acquired 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 owns 14,417 shares of the company’s stock, valued at $2,155,485.67. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Chord Energy Company Profile

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.