A share price of Chord Energy Corp [CHRD] is currently trading at $170.89, up 0.72%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CHRD shares have gain 1.20% over the last week, with a monthly amount drifted -7.83%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
BofA Securities downgraded its rating to a Underperform and decreased its price target to $165 on January 05, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $189 as its price target on November 15, 2023. BMO Capital Markets started tracking with a Outperform rating for this stock on August 31, 2023, and assigned it a price target of $185. In a note dated July 19, 2023, TD Cowen downgraded an Market Perform rating on this stock but restated the target price of $151.
Chord Energy Corp experienced fluctuations in its stock price throughout the past year between $140.77 and $188.46. Currently, Wall Street analysts expect the stock to reach $215.33 within the next 12 months. Chord Energy Corp [NASDAQ: CHRD] shares were valued at $170.89 at the most recent close of the market. An investor can expect a potential return of 26.01% based on the average CHRD price forecast.
Analyzing the CHRD fundamentals
Trailing Twelve Months sales for Chord Energy Corp [NASDAQ:CHRD] were 4.09B which represents 21.05% growth. Gross Profit Margin for this corporation currently stands at 0.33% 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 169.67 points at the first support level, and at 168.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.65, and for the 2nd resistance point, it is at 174.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Chord Energy Corp [NASDAQ:CHRD] is 1.14. Further, the Quick Ratio stands at 1.07, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 8.01.
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.
