Chord Energy (NASDAQ:CHRD – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $6.08 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.40, Zacks reports. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.35 earnings per share.
Chord Energy Trading Down 8.0%
Shares of Chord Energy stock traded down $11.50 during midday trading on Wednesday, reaching $132.33. 1,143,790 shares of the company’s stock traded hands, compared to its average volume of 720,048. The stock has a 50 day moving average of $145.76 and a 200-day moving average of $131.45. Chord Energy has a 12 month low of $84.25 and a 12 month high of $159.96. The company has a market cap of $7.24 billion, a PE ratio of 9.83 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.22.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Chord Energy from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. Wall Street Zen upgraded shares of Chord Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Scotiabank began coverage on shares of Chord Energy in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $192.00 price target for the company. Jefferies Financial Group raised their price target on shares of Chord Energy from $133.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Finally, Truist Financial boosted their price objective on shares of Chord Energy from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.54.
Check Out Our Latest Stock Analysis on CHRD
More Chord Energy News
Here are the key news stories impacting Chord Energy this week:
- Positive Sentiment: Third-quarter adjusted EPS was $6.08, above analyst estimates, while revenue rose 30% year over year. Zacks earnings coverage
- Positive Sentiment: Production exceeded the high end of guidance, prompting Chord to raise its 2026 oil-volume forecast by about 1% to 162.5 thousand barrels per day. The company also increased its 2026 adjusted free-cash-flow expectation by approximately $200 million versus its August outlook. Company results and outlook
- Positive Sentiment: Shareholder returns included a $1.30-per-share base dividend and $205 million of third-quarter buybacks. Chord also reported $78 million of additional repurchases through October 30. Company results and outlook
- Positive Sentiment: Marketing agreements are expected to generate $35 million–$55 million in annualized adjusted free-cash-flow savings over time, potentially improving cash generation. Company results and outlook
- Neutral Sentiment: Despite these favorable results and outlook updates, CHRD shares traded lower. The articles provided do not explain the decline or identify a negative company-specific development.
Insider Activity at Chord Energy
In other Chord Energy news, Director Douglas Brooks sold 8,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $133.14, for a total transaction of $1,065,120.00. Following the transaction, the director directly owned 10,705 shares of the company’s stock, valued at approximately $1,425,263.70. The trade was a 42.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Samantha Mckinney sold 9,750 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the transaction, the director directly owned 7,280 shares in the company, valued at approximately $1,091,563.20. The trade was a 57.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,969 shares of company stock worth $3,389,599 over the last quarter. Corporate insiders own 0.79% of the company’s stock.
Chord Energy Company Profile
Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.
Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.
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