Chord Energy Corp [CHRD] stock prices are up 0.75% to $181.57 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CHRD shares have gain 3.58% over the last week, with a monthly amount drifted -2.84%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Chord Energy Corp [NASDAQ: CHRD] stock has seen the most recent analyst activity on January 05, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $165 from $177. Previously, Wells Fargo started tracking the stock with Overweight rating on November 15, 2023, and set its price target to $189. On August 31, 2023, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $185 on the stock. TD Cowen downgraded its rating to a Market Perform but stick to its price target of $151 on July 19, 2023. BofA Securities initiated its recommendation with a Buy and recommended $178 as its price target on January 25, 2023. Mizuho started tracking with a Buy rating for this stock on January 10, 2023, and assigned it a price target of $196.
The stock price of Chord Energy Corp [CHRD] has been fluctuating between $133.85 and $190.23 over the past year. Currently, Wall Street analysts expect the stock to reach $213.25 within the next 12 months. Chord Energy Corp [NASDAQ: CHRD] shares were valued at $181.57 at the most recent close of the market. An investor can expect a potential return of 17.45% based on the average CHRD price forecast.
Analyzing the CHRD fundamentals
The Chord Energy Corp [NASDAQ:CHRD] reported sales of 4.09B for trailing twelve months, representing a surge of 21.05%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.19 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 180.19 points at the first support level, and at 178.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 182.65, and for the 2nd resistance point, it is at 183.73.
Chord Energy Corp [CHRD] reported earnings per share of $5.25 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.97/share, meaning a difference of $0.28 and a surprise factor of 5.60%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $5.04 per share as compared to estimates of $4.97 per share, a difference of $0.07 representing a surprise of 1.40%.
Ratios To Look Out For
It’s worth pointing out that Chord Energy Corp [NASDAQ:CHRD]’s Current Ratio is 1.14. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 8.51.
Transactions by insiders
Recent insider trading involved Lou Michael H, EVP and CFO, that happened on Feb 16 ’24 when 3000.0 shares were sold. EVP and CFO, Lou Michael H completed a deal on Feb 01 ’24 to sell 3000.0 shares. Meanwhile, EVP and CFO Lou Michael H sold 6000.0 shares on Jan 04 ’24.
