FY2025 EPS Estimates for Chord Energy Co. Increased by Capital One Financial (NASDAQ:CHRD)

Chord Energy Co. (NASDAQ:CHRD – Get Rating) – Capital One Financial lifted their FY2025 earnings per share estimates for Chord Energy in a note issued to investors on Monday, May 22nd. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $21.23 for the year, up from their prior estimate of $20.39. The consensus estimate for Chord Energy’s current full-year earnings is $21.39 per share.

Chord Energy (NASDAQ:CHRD – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.89 by ($0.61). Chord Energy had a net margin of 43.37% and a return on equity of 23.51%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $875.33 million.

Several other research firms have also recently weighed in on CHRD. Citigroup cut their price objective on Chord Energy from $170.00 to $165.00 in a report on Sunday, May 21st. Truist Financial cut their price objective on Chord Energy from $252.00 to $246.00 in a report on Monday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $190.00 price objective on shares of Chord Energy in a report on Thursday, March 30th. Mizuho dropped their target price on Chord Energy from $179.00 to $172.00 in a research report on Friday, May 19th. Finally, Piper Sandler dropped their target price on Chord Energy from $213.00 to $204.00 in a research report on Thursday, May 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.38.

Chord Energy Trading Down 1.3 %

NASDAQ:CHRD opened at $149.46 on Wednesday. Chord Energy has a fifty-two week low of $93.35 and a fifty-two week high of $181.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.13. The stock has a market capitalization of $6.21 billion, a PE ratio of 3.54, a price-to-earnings-growth ratio of 0.36 and a beta of 1.36. The business’s 50-day simple moving average is $139.09 and its 200-day simple moving average is $139.84.

Chord Energy Cuts Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 16th will be given a dividend of $3.22 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 15th. Chord Energy’s dividend payout ratio (DPR) is 11.85%.

Insiders Place Their Bets

In other Chord Energy news, Director Lynn A. Peterson sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $140.56, for a total transaction of $421,680.00. Following the transaction, the director now owns 235,098 shares of the company’s stock, valued at approximately $33,045,374.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 9,000 shares of company stock valued at $1,282,590 in the last 90 days. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHRD. Copeland Capital Management LLC acquired a new position in shares of Chord Energy during the 4th quarter worth approximately $67,071,000. Armstrong Advisory Group Inc. bought a new stake in Chord Energy in the 4th quarter valued at $25,000. Delta Capital Management LLC bought a new stake in Chord Energy in the 4th quarter valued at $373,000. Ronald Blue Trust Inc. bought a new stake in shares of Chord Energy during the 4th quarter valued at $222,000. Finally, Fortem Financial Group LLC bought a new stake in shares of Chord Energy during the 4th quarter valued at $438,000. 93.47% of the stock is owned by institutional investors and hedge funds.

About Chord Energy

(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.