Chord Energy Corporation (NASDAQ:CHRD) Plans $1.30 Quarterly Dividend

Chord Energy Corporation (NASDAQ:CHRD) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Wednesday, May 20th will be paid a dividend of 1.30 per share on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 20th.

Chord Energy has a dividend payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chord Energy to earn $13.09 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 39.7%.

Chord Energy Stock Performance

Shares of Chord Energy stock opened at $149.16 on Wednesday. Chord Energy has a 52 week low of $84.25 and a 52 week high of $150.50. The business’s fifty day simple moving average is $129.95 and its 200-day simple moving average is $106.64. The firm has a market cap of $8.46 billion, a PE ratio of 236.76 and a beta of 0.52. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 EPS for the quarter, beating the consensus estimate of $3.49 by $1.07. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $4.04 EPS. The company’s quarterly revenue was up 37.1% on a year-over-year basis. Equities analysts forecast that Chord Energy will post 16.94 earnings per share for the current year.

Chord Energy Company Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.