A Closer Look at 5 Analyst Recommendations For Chord Energy

Ratings for Chord Energy CHRD were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $189.8, along with a high estimate of $209.00 and a low estimate of $180.00. Experiencing a 3.16% decline, the current average is now lower than the previous average price target of $196.00.

Breaking Down Analyst Ratings: A Detailed Examination

The standing of Chord Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

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: 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: Gaining insights, analysts provide estimates for the future value of Chord Energy's stock. This comparison reveals trends in analysts' expectations over time.

To gain a panoramic view of Chord Energy's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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 Insights: Chord Energy

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Chord Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -5.51%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.

Net Margin: Chord Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 18.54% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Chord Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.27%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Chord Energy's ROA excels beyond industry benchmarks, reaching 3.09%. This signifies efficient management of assets and strong financial health.

Debt Management: Chord Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.

Analyst Ratings: Simplified

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.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.