Piper Sandler Increases Chord Energy (NASDAQ:CHRD) Price Target to $230.00

Chord Energy (NASDAQ:CHRD) had its price objective increased by investment analysts at Piper Sandler from $219.00 to $230.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 27.78% from the company’s current price.

Other analysts have also issued reports about the company. Truist Financial decreased their price objective on Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a report on Friday, April 5th. Mizuho boosted their price objective on Chord Energy from $189.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Bank of America downgraded Chord Energy from a “buy” rating to an “underperform” rating and cut their target price for the stock from $177.00 to $165.00 in a research note on Friday, January 5th. Finally, Stifel Nicolaus boosted their target price on Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $191.50.

Chord Energy Stock Up 0.8 %

Chord Energy stock traded up $1.35 during midday trading on Friday, reaching $180.00. The stock had a trading volume of 226,762 shares, compared to its average volume of 670,393. The company has a current ratio of 1.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $170.08 and a two-hundred day moving average price of $164.39. The company has a market capitalization of $7.48 billion, a P/E ratio of 7.68 and a beta of 1.06. Chord Energy has a 12 month low of $133.34 and a 12 month high of $190.23.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.21. The firm had revenue of $964.69 million during the quarter, compared to analyst estimates of $891.67 million. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. As a group, equities analysts expect that Chord Energy will post 21.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chord Energy news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $165.00, for a total transaction of $495,000.00. Following the sale, the chief financial officer now owns 128,209 shares in the company, valued at $21,154,485. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FinTrust Capital Advisors LLC bought a new position in shares of Chord Energy in the fourth quarter worth $28,000. Rise Advisors LLC bought a new position in shares of Chord Energy in the first quarter worth $31,000. Contravisory Investment Management Inc. increased its holdings in shares of Chord Energy by 48.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 259 shares of the company’s stock worth $43,000 after purchasing an additional 85 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Chord Energy in the fourth quarter worth $48,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Chord Energy by 306.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 293 shares of the company’s stock worth $49,000 after purchasing an additional 221 shares during the period. Institutional investors 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.