FY2024 EPS Estimates for Chord Energy Boosted by Analyst

Chord Energy Co. (NASDAQ:CHRD) – Stock analysts at Capital One Financial raised their FY2024 earnings per share (EPS) estimates for Chord Energy in a research note issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $16.15 per share for the year, up from their previous forecast of $16.10. The consensus estimate for Chord Energy’s current full-year earnings is $16.50 per share. Capital One Financial also issued estimates for Chord Energy’s Q4 2024 earnings at $2.94 EPS, Q1 2025 earnings at $3.30 EPS, Q2 2025 earnings at $4.21 EPS, Q3 2025 earnings at $4.64 EPS, Q4 2025 earnings at $4.84 EPS, FY2025 earnings at $16.98 EPS and FY2026 earnings at $18.07 EPS.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. Chord Energy’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.04 earnings per share.

CHRD has been the subject of several other research reports. Piper Sandler lowered their price target on shares of Chord Energy from $212.00 to $194.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Mizuho reduced their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada dropped their price objective on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Finally, Wolfe Research upgraded 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. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.54.

Chord Energy Stock Up 1.0 %

NASDAQ:CHRD opened at $123.78 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market cap of $7.57 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 4.79 and a beta of 0.99. The company has a 50-day moving average of $122.59 and a 200 day moving average of $139.13. Chord Energy has a 1-year low of $109.59 and a 1-year high of $190.23.

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.04%. Chord Energy’s payout ratio is 25.75%.

Insider Transactions at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the sale, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of Chord Energy

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in shares of Chord Energy by 2.2% during the 3rd quarter. FMR LLC now owns 3,420,012 shares of the company’s stock worth $445,388,000 after purchasing an additional 74,165 shares during the period. State Street Corp increased its stake in shares of Chord Energy by 0.9% in the 3rd quarter. State Street Corp now owns 2,485,777 shares of the company’s stock valued at $323,723,000 after purchasing an additional 22,753 shares in the last quarter. Victory Capital Management Inc. boosted its position in Chord Energy by 41.3% during the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock worth $292,423,000 after purchasing an additional 656,374 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Chord Energy by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock valued at $297,090,000 after purchasing an additional 741,705 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Chord Energy by 8,762.1% in the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after buying an additional 1,230,985 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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.