Chord Energy FY2025 EPS Cut by Capital One Financial

Chord Energy Co. (NASDAQ:CHRD) – Equities research analysts at Capital One Financial cut their FY2025 earnings per share estimates for shares of Chord Energy in a report released on Thursday, May 15th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $11.95 per share for the year, down from their prior estimate of $12.75. The consensus estimate for Chord Energy’s current full-year earnings is $15.59 per share.

A number of other research firms also recently weighed in on CHRD. Citigroup dropped their price target on Chord Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Mizuho dropped their price target on Chord Energy from $154.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley set a $139.00 price objective on Chord Energy and gave the stock a “cautious” rating in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on Chord Energy from $166.00 to $158.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Finally, Piper Sandler lowered their price objective on Chord Energy from $184.00 to $183.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.92.

Chord Energy Stock Down 1.7%

CHRD stock opened at $95.03 on Monday. The stock’s 50 day simple moving average is $97.84 and its 200 day simple moving average is $111.26. Chord Energy has a fifty-two week low of $79.83 and a fifty-two week high of $188.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $5.49 billion, a P/E ratio of 4.89, a price-to-earnings-growth ratio of 5.83 and a beta of 0.99.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.44. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business earned $5.10 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis.

Chord Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy’s dividend payout ratio is presently 34.78%.

Insider Activity

In other news, EVP Shannon Browning Kinney sold 3,091 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total value of $290,863.10. Following the completion of the transaction, the executive vice president now directly owns 21,277 shares of the company’s stock, valued at $2,002,165.70. This represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chord Energy

Several institutional investors have recently modified their holdings of the business. FMR LLC grew its holdings in Chord Energy by 11.5% during the fourth quarter. FMR LLC now owns 3,814,384 shares of the company’s stock valued at $445,978,000 after purchasing an additional 394,372 shares during the period. Victory Capital Management Inc. grew its holdings in Chord Energy by 27.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock valued at $334,912,000 after purchasing an additional 619,021 shares during the period. Boston Partners grew its holdings in Chord Energy by 5.6% during the fourth quarter. Boston Partners now owns 2,186,483 shares of the company’s stock valued at $255,684,000 after purchasing an additional 115,215 shares during the period. Pacer Advisors Inc. grew its holdings in Chord Energy by 50.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock valued at $218,892,000 after purchasing an additional 627,122 shares during the period. Finally, American Century Companies Inc. grew its holdings in Chord Energy by 3.7% during the first quarter. American Century Companies Inc. now owns 1,157,870 shares of the company’s stock valued at $130,515,000 after purchasing an additional 41,797 shares during the period. 97.76% of the stock is owned by institutional investors.

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.