Chord Energy (NASDAQ:CHRD) Given New $197.00 Price Target at Truist Financial

Chord Energy (NASDAQ:CHRD) had its price objective raised by Truist Financial from $195.00 to $197.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on CHRD. Weiss Ratings upgraded shares of Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Chord Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Wall Street Zen raised shares of Chord Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Morgan Stanley raised their target price on shares of Chord Energy from $169.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Finally, Roth Capital restated a “buy” rating and set a $165.00 target price on shares of Chord Energy in a report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.62.

Chord Energy Price Performance

CHRD stock traded up $4.04 during trading hours on Friday, hitting $136.49. 749,075 shares of the stock traded hands, compared to its average volume of 709,334. The stock has a 50-day simple moving average of $145.42 and a 200 day simple moving average of $131.87. The company has a market cap of $7.47 billion, a P/E ratio of 8.56 and a beta of 0.48. Chord Energy has a one year low of $84.41 and a one year high of $159.96. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.68 by $0.40. Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business earned $2.35 earnings per share. Chord Energy’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities analysts forecast that Chord Energy will post 23.11 earnings per share for the current year.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Thursday, November 19th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, November 19th. Chord Energy’s dividend payout ratio is currently 32.60%.

Insiders Place Their Bets

In related news, EVP Shannon Kinney sold 4,019 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the transaction, the executive vice president owned 13,560 shares in the company, valued at $1,898,400. This trade represents a 22.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Samantha Mckinney sold 9,750 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total value of $1,461,915.00. Following the sale, the director owned 7,280 shares in the company, valued at approximately $1,091,563.20. The trade was a 57.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,969 shares of company stock valued at $2,324,479 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Chord Energy by 27.4% during the third quarter. Russell Investments Group Ltd. now owns 20,475 shares of the company’s stock valued at $2,745,000 after acquiring an additional 4,403 shares during the period. Maryland State Retirement & Pension System boosted its stake in Chord Energy by 14.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 3,287 shares of the company’s stock worth $441,000 after purchasing an additional 415 shares during the period. Ritholtz Wealth Management grew its position in Chord Energy by 12.4% during the 3rd quarter. Ritholtz Wealth Management now owns 2,906 shares of the company’s stock worth $390,000 after purchasing an additional 321 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in Chord Energy during the 3rd quarter worth approximately $60,000. Finally, Keybank National Association OH grew its position in Chord Energy by 15.4% during the 3rd quarter. Keybank National Association OH now owns 4,227 shares of the company’s stock worth $567,000 after purchasing an additional 563 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy News Roundup

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: Q3 results topped expectations. Chord reported adjusted EPS of $6.08 versus a $5.68 estimate and revenue of $1.71 billion versus $1.64 billion. Revenue rose 30% year over year, reinforcing the company’s earnings momentum. Q3 results
• Positive Sentiment: 2026 oil outlook lifted. Coverage says Chord raised its oil outlook following the strong quarter; updated production guidance for the fourth quarter and full year may also shape investor expectations. 2026 oil outlook coverage
• Positive Sentiment: Truist raised its price target to $197 from $195 and reiterated a Buy rating, signaling continued analyst confidence. Truist rating coverage
• Positive Sentiment: Dividend supports shareholder returns. The company declared a $1.30 quarterly dividend, equivalent to $5.20 annually.
• Positive Sentiment: Valuation commentary points to potential upside. A recent analysis suggests CHRD could be about 27% below fair value, though that estimate is not a guarantee of future performance. Fair value analysis
• Neutral Sentiment: Wells Fargo made a small target cut to $173 from $174, while maintaining its Overweight rating. The change is modest and the rating remains favorable. Wells Fargo rating coverage

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.