Chord Energy Corporation (CHRD) To Go Ex-Dividend on August 21st

Chord Energy Corporation (NASDAQ:CHRD) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Thursday, August 21st will be given a dividend of 1.30 per share on Monday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, August 21st.

Chord Energy has a payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chord Energy to earn $13.13 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 39.6%.

Chord Energy Stock Performance

NASDAQ CHRD opened at $101.06 on Friday. Chord Energy has a twelve month low of $79.83 and a twelve month high of $156.12. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.84 billion, a P/E ratio of 25.72 and a beta of 0.97. The company’s 50-day simple moving average is $103.58 and its 200 day simple moving average is $102.71.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $984.07 million. During the same period in the previous year, the firm posted $4.69 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Chord Energy will post 15.59 earnings per share for the current fiscal year.

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.