Chord Energy Co. (NASDAQ:CHRD) Receives $164.62 Consensus PT from Analysts

Shares of Chord Energy Co. (NASDAQ:CHRD) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $163.92.

A number of brokerages recently weighed in on CHRD. Bank of America restated a “neutral” rating and set a $138.00 target price (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Williams Trading set a $155.00 target price on shares of Chord Energy in a report on Wednesday, March 5th. Morgan Stanley began coverage on shares of Chord Energy in a research note on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price target on the stock. UBS Group lowered their price objective on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Finally, Mizuho cut their price target on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, December 16th.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors have recently made changes to their positions in CHRD. Altshuler Shaham Ltd bought a new position in shares of Chord Energy during the fourth quarter worth about $25,000. Stone House Investment Management LLC bought a new position in Chord Energy during the 3rd quarter worth approximately $26,000. Brooklyn Investment Group acquired a new position in shares of Chord Energy in the 4th quarter worth approximately $29,000. Twin Tree Management LP bought a new stake in shares of Chord Energy in the 4th quarter valued at $33,000. Finally, Larson Financial Group LLC increased its position in shares of Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after buying an additional 224 shares during the period. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Down 0.2 %

NASDAQ:CHRD opened at $112.60 on Wednesday. Chord Energy has a twelve month low of $99.40 and a twelve month high of $190.23. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $112.66 and its two-hundred day moving average price is $121.74.

Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a dividend of $1.30 per share. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Tuesday, March 11th. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.

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.