Chord Energy (NASDAQ:CHRD) Posts Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Chord Energy (NASDAQ:CHRD) posted its quarterly earnings results on Wednesday. The company reported $6.08 earnings per share for the quarter, topping 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%. During the same period in the prior year, the company posted $2.35 EPS. Chord Energy’s revenue for the quarter was up 30.0% on a year-over-year basis.

Chord Energy Stock Down 8.0%

Shares of NASDAQ CHRD traded down $11.50 during midday trading on Wednesday, hitting $132.33. The stock had a trading volume of 1,143,790 shares, compared to its average volume of 720,048. The business’s 50 day moving average is $145.76 and its 200-day moving average is $131.45. The company has a market cap of $7.24 billion, a P/E ratio of 9.83 and a beta of 0.48. Chord Energy has a 52 week low of $84.25 and a 52 week high of $159.96. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Chord Energy from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Citigroup boosted their target price on Chord Energy from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. Stifel Nicolaus initiated coverage on Chord Energy in a research note on Thursday, September 10th. They issued a “buy” rating and a $182.00 target price on the stock. Mizuho raised their price target on Chord Energy from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday, October 5th. Finally, Scotiabank initiated coverage on Chord Energy in a report on Wednesday, October 14th. They set a “sector outperform” rating and a $192.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.54.

Key Stories Impacting Chord Energy

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

In related news, Director Douglas Brooks sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 10,705 shares of the company’s stock, valued at $1,425,263.70. This trade represents a 42.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samantha Mckinney sold 9,750 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 7,280 shares of the company’s stock, valued at $1,091,563.20. This trade represents a 57.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,969 shares of company stock worth $3,389,599 over the last 90 days. 0.79% of the stock is currently owned by insiders.

About Chord Energy

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.