Chord Energy (CHRD) to Release Earnings on Wednesday

Chord Energy (NASDAQ:CHRD) will likely be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Chord Energy to post earnings of $2.75 per share and revenue of $1.04 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Chord Energy Trading Up 0.7 %

Shares of CHRD stock opened at $110.93 on Monday. The company’s 50-day moving average price is $117.12 and its 200-day moving average price is $129.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 5.46 and a beta of 0.98. Chord Energy has a twelve month low of $107.24 and a twelve month high of $190.23.

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $1.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 4.51%. Chord Energy’s dividend payout ratio (DPR) is currently 25.75%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CHRD shares. Wells Fargo & Company reduced their price objective on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley started coverage on shares of Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price objective on the stock. Truist Financial boosted their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho reduced their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective on the stock in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $173.08.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the transaction, the chief accounting officer now directly owns 20,488 shares in the company, valued at $2,484,579.76. This represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

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.