Citigroup Increases Chord Energy (NASDAQ:CHRD) Price Target to $155.00

Chord Energy (NASDAQ:CHRD) had its price objective boosted by Citigroup from $120.00 to $155.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 13.17% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CHRD. Wells Fargo & Company lifted their price target on Chord Energy from $109.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings upgraded Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 17th. Wall Street Zen raised Chord Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research raised Chord Energy from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada dropped their price target on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.83.

Chord Energy Trading Down 3.7%

Shares of NASDAQ:CHRD opened at $136.96 on Tuesday. The company has a 50 day moving average of $113.79 and a 200-day moving average of $100.85. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a market cap of $7.76 billion, a P/E ratio of 217.40 and a beta of 0.65. Chord Energy has a twelve month low of $79.83 and a twelve month high of $148.41.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter last year, the business earned $3.49 earnings per share. As a group, analysts anticipate that Chord Energy will post 15.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Shannon Browning Kinney sold 1,801 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total value of $205,962.36. Following the completion of the transaction, the executive vice president owned 20,188 shares in the company, valued at $2,308,699.68. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total value of $568,300.00. Following the completion of the transaction, the chief accounting officer directly owned 8,921 shares in the company, valued at $1,013,960.86. This represents a 35.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,927 shares of company stock valued at $2,912,028. Insiders own 0.70% of the company’s stock.

Institutional Trading of Chord Energy

A number of hedge funds have recently bought and sold shares of CHRD. Citigroup Inc. lifted its position in shares of Chord Energy by 31.1% in the 3rd quarter. Citigroup Inc. now owns 111,590 shares of the company’s stock valued at $11,089,000 after acquiring an additional 26,499 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Chord Energy during the 3rd quarter worth approximately $91,434,000. Wedge Capital Management L L P NC acquired a new stake in Chord Energy during the 3rd quarter valued at $13,092,000. AlphaQuest LLC raised its stake in Chord Energy by 1,576.7% during the 3rd quarter. AlphaQuest LLC now owns 27,933 shares of the company’s stock valued at $2,776,000 after purchasing an additional 26,267 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Chord Energy by 22.9% in the second quarter. Westwood Holdings Group Inc. now owns 214,680 shares of the company’s stock valued at $20,792,000 after purchasing an additional 39,980 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chord Energy

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

• Positive Sentiment: Zacks includes CHRD on a short list of U.S. E&P stocks to buy, signaling favorable sector-level and company fundamentals. Why Investors May Want to Buy These 4 US E&P Stocks Now
• Positive Sentiment: An analyst-driven upgrade pushed CHRD to a new 1‑year high, showing fresh institutional interest and momentum that likely supported recent gains. Chord Energy (NASDAQ:CHRD) Sets New 1-Year High on Analyst Upgrade
• Positive Sentiment: Citigroup raised its price target from $120 to $155 (while keeping a “neutral” rating), which increases visible upside for investors and signals higher fair‑value expectations. Benzinga article on Citi price-target raise
• Positive Sentiment: Zacks reports upward revisions to CHRD earnings estimates, a bullish technical/earnings signal that tends to attract momentum and buy-side interest. Earnings Estimates Moving Higher for Chord Energy Corporation (CHRD): Time to Buy?
• Positive Sentiment: Coverage highlights CHRD trading near 52‑week highs and benefiting from Nasdaq‑100 momentum, reinforcing the stock’s recent strength. Chord Energy Hits Yearly High Amid Nasdaq 100 Index Momentum
• Positive Sentiment: Zacks put CHRD on its #1 (Strong Buy) income stocks list, which may attract income-oriented investors looking for yield plus capital appreciation. Best Income Stocks to Buy for March 31st
• Neutral Sentiment: Analysis comparing CHRD to peers shows it has outpaced some oil & gas names this year, but broader sector dynamics could still cap short‑term moves. Are Oils-Energy Stocks Lagging Chord Energy Corporation (CHRD) This Year?

Chord Energy Company Profile

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.