Chord Energy Co. (NASDAQ:CHRD) Director Sells $656,227.95 in Stock

Chord Energy Co. (NASDAQ:CHRDGet Rating) Director Lynn A. Peterson sold 4,685 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $140.07, for a total value of $656,227.95. Following the transaction, the director now owns 248,484 shares in the company, valued at approximately $34,805,153.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chord Energy Stock Up 0.4 %

NASDAQ:CHRD opened at $142.31 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 2.33 and a beta of 1.44. Chord Energy Co. has a twelve month low of $93.35 and a twelve month high of $181.34. The stock’s 50 day moving average price is $139.90 and its two-hundred day moving average price is $137.98.

Chord Energy (NASDAQ:CHRDGet Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $7.20 earnings per share for the quarter, missing analysts’ consensus estimates of $8.06 by ($0.86). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $842.00 million. Chord Energy had a return on equity of 34.89% and a net margin of 53.81%. Equities research analysts expect that Chord Energy Co. will post 28.15 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently announced a None dividend, which was paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th were issued a dividend of $3.67 per share. This represents a dividend yield of 3.1%. The ex-dividend date was Monday, November 14th. Chord Energy’s payout ratio is presently 8.17%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho assumed coverage on Chord Energy in a report on Monday, January 9th. They set a “buy” rating and a $196.00 price objective on the stock. Royal Bank of Canada lifted their target price on Chord Energy from $170.00 to $195.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Citigroup lifted their target price on Chord Energy from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Sunday, November 6th. Piper Sandler dropped their target price on Chord Energy from $218.00 to $217.00 and set an “overweight” rating on the stock in a research report on Friday, January 13th. Finally, TheStreet raised Chord Energy from a “c” rating to a “b-” rating in a research report on Monday, November 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.00.

Institutional Trading of Chord Energy

Several institutional investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new stake in shares of Chord Energy during the 4th quarter valued at $25,000. Ronald Blue Trust Inc. bought a new stake in shares of Chord Energy during the 4th quarter worth $222,000. Delta Capital Management LLC bought a new stake in shares of Chord Energy during the 4th quarter worth $373,000. Fortem Financial Group LLC bought a new stake in shares of Chord Energy during the 4th quarter worth $438,000. Finally, MorganRosel Wealth Management LLC acquired a new position in Chord Energy in the 4th quarter worth about $1,012,000. 93.47% of the stock is currently owned by institutional investors.

Chord Energy Company Profile

(Get Rating)

Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. The company was founded in 2007 and is headquartered in Houston, Texas.

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