Chord Energy (NASDAQ:CHRD) Price Target Cut to $166.00 by Analysts at Wells Fargo & Company

Chord Energy (NASDAQ:CHRD) had its target price dropped by equities research analysts at Wells Fargo & Company from $175.00 to $166.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 47.42% from the stock’s previous close.

CHRD has been the topic of a number of other research reports. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Friday, January 3rd. Bank of America reaffirmed a “neutral” rating and issued a $138.00 price target (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. UBS Group decreased their price objective on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Mizuho dropped their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Morgan Stanley assumed coverage on shares of Chord Energy in a research report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.92.

Chord Energy Price Performance

Shares of NASDAQ CHRD opened at $112.60 on Monday. Chord Energy has a 1 year low of $99.40 and a 1 year high of $190.23. The stock has a market capitalization of $6.71 billion, a P/E ratio of 5.80, a P/E/G ratio of 5.83 and a beta of 0.98. The company’s 50-day moving average is $112.66 and its 200 day moving average is $121.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of Chord Energy during the fourth quarter valued at approximately $25,000. Stone House Investment Management LLC purchased a new stake in Chord Energy during the 3rd quarter valued at $26,000. Brooklyn Investment Group bought a new stake in shares of Chord Energy in the 4th quarter worth $29,000. Twin Tree Management LP purchased a new position in shares of Chord Energy in the fourth quarter worth $33,000. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 in the last quarter. Institutional investors own 97.76% of the company’s stock.

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.