Chord Energy Corporation (CHRD) to Issue Quarterly Dividend of $1.30 on September 4th

Chord Energy Corporation (NASDAQ:CHRD – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 20th will be given a dividend of 1.30 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, August 20th.

Chord Energy has a dividend payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chord Energy to earn $12.31 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 42.2%.

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Chord Energy Trading Up 2.0%

NASDAQ:CHRD opened at $132.50 on Friday. Chord Energy has a 12-month low of $84.25 and a 12-month high of $151.95. The firm has a market cap of $7.46 billion, a PE ratio of 8.88 and a beta of 0.48. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $128.04 and a 200 day moving average price of $125.29.

Chord Energy (NASDAQ:CHRD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.55 by ($0.11). The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Chord Energy had a return on equity of 10.27% and a net margin of 13.42%.Chord Energy’s revenue for the quarter was up 128.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 EPS. Sell-side analysts anticipate that Chord Energy will post 18.32 earnings per share for the current fiscal year.

About Chord Energy

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Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.

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