Chord Energy (CHRD) Scheduled to Post Earnings on Tuesday

Chord Energy (NASDAQ:CHRD) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Chord Energy to post earnings of $4.75 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.21. The business had revenue of $964.69 million during the quarter, compared to analyst estimates of $891.67 million. Chord Energy had a net margin of 26.27% and a return on equity of 16.35%. On average, analysts expect Chord Energy to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Chord Energy Price Performance

Shares of NASDAQ:CHRD traded down $4.34 during trading on Tuesday, reaching $180.00. The company had a trading volume of 187,598 shares, compared to its average volume of 649,780. Chord Energy has a 12 month low of $133.34 and a 12 month high of $190.23. 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 stock has a market capitalization of $7.48 billion, a P/E ratio of 7.64 and a beta of 1.06. The company has a fifty day moving average of $173.39 and a two-hundred day moving average of $165.64.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th were paid a $3.25 dividend. This represents a $13.00 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend was Monday, March 4th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is currently 21.25%.

Insider Activity at Chord Energy

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHRD. Mizuho upped 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 lowered 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. Stifel Nicolaus lifted their price target on shares of Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Truist Financial cut their price objective on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Royal Bank of Canada lifted their target price on shares of Chord Energy from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.50.

About Chord Energy

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.