9 analysts have expressed a variety of opinions on Chord Energy (NASDAQ:CHRD) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $219.11, a high estimate of $233.00, and a low estimate of $195.00. This current average has increased by 2.76% from the previous average price target of $213.22.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Chord Energy by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Neal Dingmann | Truist Securities | Lowers | Buy | $226.00 | $228.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $233.00 | $231.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $231.00 | $230.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $214.00 | $195.00 |
| Scott Hanold | RBC Capital | Raises | Outperform | $200.00 | $180.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $230.00 | $219.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $224.00 | $229.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $195.00 | $189.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $219.00 | $218.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Chord Energy. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Chord Energy compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Chord Energy's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Chord Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Chord Energy analyst ratings.
All You Need to Know About Chord Energy
Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin.
Financial Milestones: Chord Energy's Journey
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Chord Energy's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.05% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Chord Energy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.3%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Chord Energy's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.91% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Chord Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.85%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.11, Chord Energy adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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