1 week Ago By Defense World Staff
Shares of Chord Energy Co. (NASDAQ:CHRD – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company.
The average 12-month target price among analysts that have issued a report on the stock in the last year is $157.62. A number of brokerages recently weighed in on CHRD.
Morgan Stanley set a $139.00 target price on Chord Energy and gave the company a “cautious” rating in a report on Wednesday, March 26th. Truist Financial boosted their target price on Chord Energy from $185.
00 to $186.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler cut their price target on shares of Chord Energy from $193.
00 to $184.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company decreased their price objective on shares of Chord Energy from $175.
00 to $166.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Finally, Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.
00 target price on the stock in a research note on Friday, January 3rd.Check Out Our Latest Stock Report on Chord EnergyChord Energy Stock Up 4.0 %Shares of CHRD opened at $89.
34 on Friday. Chord Energy has a fifty-two week low of $79.83 and a fifty-two week high of $190.
23. The company’s fifty day moving average is $106.10 and its two-hundred day moving average is $118.
01. The firm has a market cap of $5.31 billion, a PE ratio of 4.
60, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96.
The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.
10. Chord Energy Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a dividend of $1.
30 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.
25. This represents a $5.20 annualized dividend and a dividend yield of 5.
82%. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.
Hedge Funds Weigh In On Chord EnergySeveral large investors have recently modified their holdings of CHRD. FMR LLC increased its stake in shares of Chord Energy by 11.5% in the fourth quarter.
FMR LLC now owns 3,814,384 shares of the company’s stock valued at $445,978,000 after purchasing an additional 394,372 shares during the period. Victory Capital Management Inc. increased its position in Chord Energy by 27.
6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock valued at $334,912,000 after acquiring an additional 619,021 shares during the period.
Boston Partners raised its stake in Chord Energy by 5.6% during the 4th quarter. Boston Partners now owns 2,186,483 shares of the company’s stock valued at $255,684,000 after acquiring an additional 115,215 shares in the last quarter.
Pacer Advisors Inc. boosted its position in Chord Energy by 50.4% during the 4th quarter.
Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock worth $218,892,000 after acquiring an additional 627,122 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Chord Energy by 3.
0% in the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after purchasing an additional 34,156 shares in the last quarter. Institutional investors own 97.
76% of the company’s stock. About Chord Energy (Get Free ReportChord 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.Featured StoriesFive stocks we like better than Chord EnergyHow to Calculate Return on Investment (ROI)Robinhood Strategies Could Be a Game-Changer for Young InvestorsWhat is the Nikkei 225 index? Are These 3 Retail Stocks Oversold or Really in Trouble?How to Buy Gold Stock and Invest in GoldIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
