Chord Energy (NASDAQ:CHRD) Research Coverage Started at UBS Group

Investment analysts at UBS Group began coverage on shares of Chord Energy (NASDAQ:CHRD) in a note issued to investors on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $168.00 price target on the stock. UBS Group’s price objective indicates a potential upside of 32.81% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Chord Energy from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on Chord Energy in a report on Thursday, September 5th. They issued a “hold” rating and a $160.00 price target for the company. Bank of America raised their price objective on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Wolfe Research assumed coverage on Chord Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Piper Sandler raised their target price on Chord Energy from $206.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.64.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $126.50 on Wednesday. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 4.92 and a beta of 0.97. The business has a 50 day moving average price of $140.35 and a 200 day moving average price of $162.89. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. Chord Energy has a twelve month low of $126.38 and a twelve month high of $190.23.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.00 by ($0.31). The company had revenue of $902.70 million during the quarter, compared to analyst estimates of $982.43 million. Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The company’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.65 EPS. Research analysts predict that Chord Energy will post 17.93 earnings per share for the current year.

Insider Buying and Selling

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of Chord Energy stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $149.51 per share, with a total value of $74,755.00. Following the acquisition, the director now directly owns 14,417 shares of the company’s stock, valued at $2,155,485.67. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chord Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC bought a new position in shares of Chord Energy in the first quarter worth about $31,000. Tealwood Asset Management Inc. bought a new position in Chord Energy in the 1st quarter valued at $1,140,000. DGS Capital Management LLC acquired a new stake in shares of Chord Energy in the 1st quarter valued at $239,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Chord Energy during the first quarter worth $296,000. Finally, AlphaMark Advisors LLC boosted its holdings in Chord Energy by 16.8% in the first quarter. AlphaMark Advisors LLC now owns 1,832 shares of the company’s stock valued at $327,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

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.