Piper Sandler Lowers Chord Energy (NASDAQ:CHRD) Price Target to $183.00

Chord Energy (NASDAQ:CHRD) had its price objective decreased by stock analysts at Piper Sandler from $184.00 to $183.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 96.98% from the stock’s current price.

CHRD has been the subject of several other reports. Wolfe Research raised Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective for the company in a research note on Friday, January 3rd. Morgan Stanley set a $139.00 price objective on shares of Chord Energy and gave the company a “cautious” rating in a research note on Wednesday, March 26th. Wells Fargo & Company reduced their price target on shares of Chord Energy from $166.00 to $158.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Bank of America cut their price objective on Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Finally, Citigroup dropped their price target on Chord Energy from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.92.

Chord Energy Stock Performance

Shares of CHRD opened at $92.90 on Tuesday. The company has a market capitalization of $5.53 billion, a PE ratio of 4.78, a P/E/G ratio of 5.83 and a beta of 0.96. Chord Energy has a 52-week low of $79.83 and a 52-week high of $188.02. The company has a 50-day simple moving average of $103.46 and a 200-day simple moving average of $116.09. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Chord Energy

Institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in Chord Energy in the fourth quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy during the 4th quarter valued at approximately $29,000. Twin Tree Management LP bought a new position in Chord Energy during the fourth quarter worth $33,000. Larson Financial Group LLC increased its stake in Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Chord Energy in the 4th quarter worth about $51,000. 97.76% of the stock is owned by institutional investors and hedge funds.

About Chord Energy

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.