Chord Energy (CHRD) Scheduled to Post Earnings on Tuesday

Chord Energy (NASDAQ:CHRD) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.75 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.21. The business had revenue of $964.69 million for the quarter, compared to analyst estimates of $891.67 million. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. On average, analysts expect Chord Energy to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Chord Energy Trading Up 0.4 %

Shares of CHRD opened at $175.98 on Monday. Chord Energy has a one year low of $133.61 and a one year high of $190.23. The stock has a 50-day moving average price of $174.36 and a 200 day moving average price of $165.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.22. The company has a market capitalization of $7.31 billion, a P/E ratio of 7.48 and a beta of 1.07.

Chord Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were given a $3.25 dividend. This represents a $13.00 dividend on an annualized basis and a dividend yield of 7.39%. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 4th. Chord Energy’s dividend payout ratio is presently 21.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHRD shares. Mizuho raised their price target on shares of Chord Energy from $189.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Truist Financial decreased their price objective on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a report on Friday, April 5th. Stifel Nicolaus upped their target price on shares of Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Royal Bank of Canada increased their price target on shares of Chord Energy from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Piper Sandler boosted their price objective on Chord Energy from $219.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.50.

Insider Transactions at Chord Energy

In related news, CFO Michael H. Lou sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $165.00, for a total transaction of $495,000.00. Following the completion of the transaction, the chief financial officer now owns 128,209 shares in the company, valued at approximately $21,154,485. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% 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.