Capital One Financial Forecasts Chord Energy FY2024 Earnings

Chord Energy Co. (NASDAQ:CHRDFree Report) – Equities research analysts at Capital One Financial dropped their FY2024 earnings estimates for shares of Chord Energy in a report issued on Tuesday, November 12th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $16.10 for the year, down from their prior estimate of $16.45. The consensus estimate for Chord Energy’s current full-year earnings is $16.87 per share. Capital One Financial also issued estimates for Chord Energy’s Q4 2024 earnings at $2.89 EPS and Q1 2025 earnings at $2.51 EPS.

Chord Energy (NASDAQ:CHRDGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $5.04 EPS. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis.

A number of other brokerages have also recently weighed in on CHRD. Citigroup lowered their price target on Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets lowered their target price on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. UBS Group started coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They issued a “buy” rating and a $168.00 price target on the stock. Finally, Truist Financial dropped their price objective on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

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Chord Energy Trading Down 2.8 %

Shares of CHRD opened at $127.28 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.78 billion, a PE ratio of 6.55, a PEG ratio of 5.07 and a beta of 0.98. Chord Energy has a 1 year low of $123.30 and a 1 year high of $190.23. The stock has a 50 day simple moving average of $131.20 and a 200-day simple moving average of $154.29.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.93%. Chord Energy’s payout ratio is 25.75%.

Insider Activity

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the transaction, the director now owns 14,417 shares in the company, valued at approximately $2,155,485.67. This trade represents a 3.59 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Chord Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC boosted its stake in Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after acquiring an additional 162 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Chord Energy in the 3rd quarter worth $26,000. UMB Bank n.a. grew its stake in shares of Chord Energy by 77.7% during the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after purchasing an additional 101 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Chord Energy in the second quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after buying an additional 136 shares during the period. 97.76% of the stock is owned by institutional investors.

About Chord Energy

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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.

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Earnings History and Estimates for Chord Energy (NASDAQ:CHRD)

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