Truist Financial analyst Neal Dingmann maintained a Buy rating on Chord Energy (CHRD – Research Report) on May 10 and set a price target of $228.00. The company’s shares closed last Friday at $179.49.
According to TipRanks, Dingmann is a top 100 analyst with an average return of 14.1% and a 72.60% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy.
Currently, the analyst consensus on Chord Energy is a Strong Buy with an average price target of $213.14, which is a 18.75% upside from current levels. In a report released on May 9, Siebert Williams Shank & Co also assigned a Buy rating to the stock with a $262.00 price target.
Based on Chord Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $964.69 million and a net profit of $301.63 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $377.57 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chord Energy (CHRD) Company Description:
Oasis Petroleum Inc is an independent exploration and production company focused on the acquisition and development of unconventional onshore oil and natural gas resources in the United States.
Read More on CHRD:
- Chord Energy sees FY24 adjusted EBITDA $1.9B
- Chord Energy reports Q1 EPS $4.65, consensus $4.72
- Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus
- Chord Energy price target raised to $230 from $219 at Piper Sandler
- Chord Energy, Enerplus announce expiration of HSR Act waiting period
