Chord Energy CHRD has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 6 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 4 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Chord Energy and provided 12-month price targets. The average target is $191.75, accompanied by a high estimate of $223.00 and a low estimate of $160.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 8.25%.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive Chord Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Josh Silverstein | UBS | Announces | Buy | $168.00 | - |
| Mark Lear | Piper Sandler | Raises | Overweight | $211.00 | $206.00 |
| Phillip Jungwirth | BMO Capital | Lowers | Outperform | $175.00 | $205.00 |
| Hanwen Chang | Wells Fargo | Lowers | Overweight | $185.00 | $200.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $185.00 | $223.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $200.00 | $200.00 |
| Lloyd Byrne | Jefferies | Announces | Hold | $160.00 | - |
| Scott Hanold | RBC Capital | Maintains | Outperform | $200.00 | $200.00 |
| Noah Hungness | B of A Securities | Raises | Buy | $208.00 | $201.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $206.00 | $234.00 |
| Paul Diamond | Citigroup | Lowers | Buy | $180.00 | $195.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $223.00 | $226.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Chord Energy. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Chord Energy compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Chord Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Chord Energy analyst ratings.
Get to Know Chord Energy Better
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.
Key Indicators: Chord Energy's Financial Health
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Chord Energy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 38.22%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Chord Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.84% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Chord Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.05%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Chord Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.11% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Chord Energy's debt-to-equity ratio is below the industry average at 0.14, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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