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Brokerages have assigned a “Moderate Buy” rating to Chord Energy Co. (NASDAQ:CHRD).

Brokerages have assigned a “Moderate Buy” rating to Chord Energy Co. (NASDAQ:CHRD).

According to Bloomberg, the six rating agencies following Chord Energy Co. (NASDAQ: CHRD) have given the stock a rating of “Moderate Buy,” representing the consensus recommendation for purchasing the stock. In addition, there have been four recommendations to purchase the stock made by equity research analysts and one recommendation to hold the stock. The stock’s future price range is anticipated to be anywhere from $180.00 to $190.00 per share, according to the average price target set by brokers who covered it in the previous year.
During the most recent period, several specialists in equity research offered their opinions on the CHRD shares being traded. In a research report made available to the public on Sunday, November 6, Citigroup raised their target price on Chord Energy shares from $150.00 to $185.00 and upgraded the company’s rating from “hold” to “buy.” In a research note published on October 31, the Royal Bank of Canada upgraded Chord Energy from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $170.00 to $195.00. TheStreet raised its rating on shares of Chord Energy from “c” to “b-” in a report on the company’s market performance published on November 21. Previously, a grade of “C” had been assigned to the company’s stock. With the release of a new research note on Monday, Mizuho once again began following the performance of Chord Energy share prices. The consensus recommendation for the stock was a “buy.” In a research report published on Thursday, November 17, Piper Jaffray lowered their price target for Chord Energy shares from $220.00 to $218.00 and rated the stock as “overweight.”
On Monday, shares of Chord Energy reached $130.01, representing a gain of $2.26 from the previous trading session. There were 404,582 shares traded for the company’s stock, which is significantly higher than the average volume of 370,016 shares that the stock trades at. A price-to-earnings ratio of 2.12 and a beta value of 1.44 are both associated with the stock. The value of the company’s stock on the market is approximately $5.41 billion. At the moment, all the financial ratios are equal to zero, including the debt-to-equity ratio, the current ratio, the quick ratio, and the current ratio. The quick ratio, meanwhile, is currently at 0.94. The current value of $143.90 is where the company’s simple moving average for the past fifty days is currently positioned. The price of a share of Chord Energy’s stock has ranged from a yearly low of $93.35 to a yearly high of $181.34 over the past year.
In a report made available to the general public on November 2, Chord Energy (NASDAQ: CHRD) discussed its performance. The company’s earnings per share for the period under review came in at $7.20, which was $0.86 less than the consensus estimate of $8.06 per share for the company’s earnings per share. However, in their financial statements, Chord Energy revealed that they had achieved a return on equity of 34.89% while also achieving a profit margin of 53.81%. In addition, the corporation’s actual quarterly sales came in at $1.19 billion, which is significantly higher than the average estimated $842 million that the market research firm provided. As a result, chord Energy is anticipated by market watchers to generate earnings of $28.15 per share this year.
In addition, the business only recently declared and distributed a dividend of zero dollars on November 29, after having done so only recently. On Tuesday, November 15, shareholders who had their information “recorded” received a dividend payment of $3.67 per share. This payment was made. The dividend distribution occurred on November 14, when the payment was made. As a direct consequence, we obtain a yield of 3.1%. Now, 8.17 percent of Chord Energy’s profits are distributed to shareholders.
According to additional news regarding the company, Chord Energy insider Lynn A. Peterson sold 3,000 shares of the company’s stock on Tuesday, November 15. This transaction was reported in other news regarding the company. It was determined that each share was sold at an average price of $161.41, which resulted in a total sale volume of $484,230.00. The price per share was determined to be $161.41. Following the transaction, the corporate insider will have 227,138 shares, which will be approximately $36,662,344.58 at the current market price. You might find a filing tha


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