Scotiabank Issues Positive Outlook for Chord Energy Earnings

Chord Energy Corporation (NASDAQ:CHRD) – Analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for shares of Chord Energy in a research report issued on Friday, November 28th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings of $9.85 per share for the year, up from their previous estimate of $9.35. Scotiabank has a “Sector Perform” rating and a $120.00 price objective on the stock. The consensus estimate for Chord Energy’s current full-year earnings is $15.59 per share.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.11. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the business posted $3.40 earnings per share.

A number of other research firms have also weighed in on CHRD. Wall Street Zen lowered shares of Chord Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company upped their price target on shares of Chord Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Mizuho reduced their price objective on Chord Energy from $152.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Roth Capital started coverage on Chord Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Chord Energy in a report on Monday, October 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chord Energy currently has an average rating of “Moderate Buy” and an average price target of $137.69.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $93.15 on Monday. Chord Energy has a twelve month low of $79.83 and a twelve month high of $129.32. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $5.30 billion, a PE ratio of 35.83 and a beta of 0.92. The company’s 50 day moving average is $93.33 and its 200 day moving average is $99.23.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 5.6%. Chord Energy’s dividend payout ratio is currently 200.00%.

Insider Transactions at Chord Energy

In other Chord Energy news, Director Samantha Holroyd acquired 1,250 shares of the company’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $85.50 per share, with a total value of $106,875.00. Following the completion of the acquisition, the director owned 17,706 shares in the company, valued at approximately $1,513,863. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Chord Energy by 7.3% in the second quarter. Assetmark Inc. now owns 1,417 shares of the company’s stock valued at $137,000 after purchasing an additional 96 shares during the period. Lynx Investment Advisory boosted its holdings in Chord Energy by 3.6% in the 2nd quarter. Lynx Investment Advisory now owns 2,847 shares of the company’s stock worth $276,000 after buying an additional 99 shares during the last quarter. National Bank of Canada FI increased its stake in Chord Energy by 2.1% during the 1st quarter. National Bank of Canada FI now owns 5,258 shares of the company’s stock worth $592,000 after buying an additional 106 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Chord Energy by 1.4% during the first quarter. Voya Investment Management LLC now owns 7,579 shares of the company’s stock valued at $854,000 after acquiring an additional 107 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Chord Energy by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,921 shares of the company’s stock valued at $329,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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.