Free Trial

Chord Energy (CHRD) Stock Price, News & Analysis

$133.35
-4.43 (-3.22%)
(As of 10/8/2024 ET)

About Chord Energy Stock (NASDAQ:CHRD)

Key Stats

Today's Range
$132.29
$135.62
50-Day Range
$127.41
$171.66
52-Week Range
$126.96
$190.23
Volume
693,447 shs
Average Volume
889,753 shs
Market Capitalization
$5.56 billion
P/E Ratio
6.26
Dividend Yield
3.75%
Price Target
$192.40
Consensus Rating
Moderate Buy

Company Overview

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. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.

Chord Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

CHRD MarketRank™: 

Chord Energy scored higher than 97% of companies evaluated by MarketBeat, and ranked 10th out of 260 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Chord Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Chord Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Chord Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for Chord Energy are expected to decrease by -3.84% in the coming year, from $18.48 to $17.77 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Chord Energy is 6.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Chord Energy is 6.26, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.62.

  • Price to Earnings Growth Ratio

    Chord Energy has a PEG Ratio of 4.92. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Chord Energy has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Chord Energy's valuation and earnings.
  • Percentage of Shares Shorted

    4.12% of the float of Chord Energy has been sold short.
  • Short Interest Ratio / Days to Cover

    Chord Energy has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Chord Energy has recently decreased by 10.68%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Chord Energy is a leading dividend payer. It pays a dividend yield of 3.71%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Chord Energy does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Chord Energy is 23.46%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Chord Energy will have a dividend payout ratio of 28.14% next year. This indicates that Chord Energy will be able to sustain or increase its dividend.

  • Read more about Chord Energy's dividend.
  • Percentage of Shares Shorted

    4.12% of the float of Chord Energy has been sold short.
  • Short Interest Ratio / Days to Cover

    Chord Energy has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Chord Energy has recently decreased by 10.68%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Chord Energy has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Chord Energy this week, compared to 6 articles on an average week.
  • Search Interest

    Only 13 people have searched for CHRD on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added Chord Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Chord Energy insiders have bought 26,038.11% more of their company's stock than they have sold. Specifically, they have bought $74,755.00 in company stock and sold $286.00 in company stock.

  • Percentage Held by Insiders

    Only 0.70% of the stock of Chord Energy is held by insiders.

  • Percentage Held by Institutions

    97.76% of the stock of Chord Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Chord Energy's insider trading history.
Receive CHRD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Chord Energy and its competitors with MarketBeat's FREE daily newsletter.

CHRD Stock News Headlines

[SHOCKING] Crypto Document Leak…
The crypto market waits for no one. And my team of experts and I believe that a BIG move is right around the corner. That's why we're offering you instant access to the game-changing book that's transforming average investors into massive crypto successes.
Chord Energy Releases 2023 Sustainability Report
Chord Energy (NASDAQ:CHRD) Reaches New 52-Week Low at $128.68
See More Headlines

CHRD Stock Analysis - Frequently Asked Questions

Chord Energy's stock was trading at $166.23 at the beginning of 2024. Since then, CHRD shares have decreased by 19.8% and is now trading at $133.35.
View the best growth stocks for 2024 here
.

Chord Energy Co. (NASDAQ:CHRD) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.00 by $0.31. The company's revenue for the quarter was up 29.8% on a year-over-year basis.

Chord Energy's top institutional shareholders include Insight Wealth Strategies LLC (0.03%), SG Americas Securities LLC (0.01%), Park Avenue Securities LLC (0.01%) and GAMMA Investing LLC. Insiders that own company stock include Energy Corp Chord, Lynn A Peterson, Michael H Lou, Charles J Rimer, Douglas E Brooks, Samantha Holroyd and Paul Korus.
View institutional ownership trends
.

Shares of CHRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/5 Dividend
8/21/2024
Dividend Payable
9/05/2024
Today
10/08/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Current Symbol
NASDAQ:CHRD
Fax
N/A
Employees
530
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$192.40
High Stock Price Target
$214.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+44.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
27.35%

Debt

Sales & Book Value

Annual Sales
$4.43 billion
Cash Flow
$32.78 per share
Book Value
$122.99 per share

Miscellaneous

Free Float
41,401,000
Market Cap
$5.53 billion
Optionable
Optionable
Beta
0.97
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

This page (NASDAQ:CHRD) was last updated on 10/8/2024 by MarketBeat.com Staff
From Our Partners