The Analyst Landscape: 8 Takes On Chord Energy

In the last three months, 8 analysts have published ratings on Chord Energy CHRD, offering a diverse range of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Chord Energy, revealing an average target of $203.38, a high estimate of $229.00, and a low estimate of $178.00. This upward trend is apparent, with the current average reflecting a 2.85% increase from the previous average price target of $197.75.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Chord Energy among financial experts becomes clear with a thorough analysis 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 adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Chord Energy. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Chord Energy compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Chord Energy's stock. This comparison reveals trends in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Chord Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Chord Energy analyst ratings.

Delving into Chord Energy's Background

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.

A Deep Dive into Chord Energy's Financials

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Decline in Revenue: Over the 3 months period, Chord Energy faced challenges, resulting in a decline of approximately -5.01% in revenue growth as of 31 December, 2023. This signifies a reduction 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 31.5%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Chord Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 6.07%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Chord Energy's ROA excels beyond industry benchmarks, reaching 4.39%. This signifies efficient management of assets and strong financial health.

Debt Management: Chord Energy's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Basics of Analyst Ratings

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.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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