At the time of writing, Chord Energy Corp [CHRD] stock is trading at $110.19, up 0.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The CHRD shares have gain 1.77% over the last week, with a monthly amount drifted -13.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Chord Energy Corp [NASDAQ: CHRD] stock has seen the most recent analyst activity on January 13, 2025, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $138 from $208. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on January 10, 2025, and set its price target to $158. On January 03, 2025, upgrade upgraded it’s rating to Outperform but maintained its price target of $155 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $168 on October 16, 2024. Jefferies initiated its recommendation with a Hold and recommended $160 as its price target on September 06, 2024.
For the past year, the stock price of Chord Energy Corp fluctuated between $107.24 and $186.59. Currently, Wall Street analysts expect the stock to reach $185.44 within the next 12 months. Chord Energy Corp [NASDAQ: CHRD] shares were valued at $110.19 at the most recent close of the market. An investor can expect a potential return of 68.29% based on the average CHRD price forecast.
Analyzing the CHRD fundamentals
According to Chord Energy Corp [NASDAQ:CHRD], the company’s sales were 4.76B for trailing twelve months, which represents an 29.12% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 108.77 points at the first support level, and at 107.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.15, and for the 2nd resistance point, it is at 112.12.
Ratios To Look Out For
It is important to note that Chord Energy Corp [NASDAQ:CHRD] has a current ratio of 0.93. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 5.68.
Transactions by insiders
Recent insider trading involved Kinney Shannon Browning, EVP, CAO, GC & Corp Secretary, that happened on Dec 16 ’24 when 1000.0 shares were sold. Officer, Kinney Shannon Browning completed a deal on Dec 16 ’24 to buy 1000.0 shares. Meanwhile, EVP, CAO, GC & Corp Secretary Kinney Shannon Browning sold 1000.0 shares on Dec 09 ’24.
