From MarketBeat:

Stock analysts at Mizuho lowered their target price for Chord Energy from $197.00 to $188.00, maintaining a “buy” rating. Bank of America also bumped the price objective up to $177.00, while other research analysts have issued a mixed set of ratings for the stock, resulting in a consensus “Moderate Buy” rating and a consensus price target of $186.80.

Chord Energy stock traded up to $169.80 with a 106,847 volume. The company’s market capitalization is $7.01 billion, with a PE ratio of 6.72 and a beta of 1.08. The firm has a current ratio of 1.02 and a quick ratio of 0.97, among other figures.

The company last reported its earnings results on November 1st, showing $5.04 earnings per share (EPS) for the quarter, which missed the consensus estimate by $0.18. Revenue during the quarter was $840.60 million, down 20.4% from the same quarter last year.

Insider sales involve COO Charles J. Rimer and Director Lynn A. Peterson, with a total of 7,250 shares being sold.

A number of institutional investors and hedge funds have made recent changes to their stakes in Chord Energy, with 97.76% of the company’s stock currently owned by institutions.

Chord Energy Corporation operates as an independent exploration and production company, working in crude oil, natural gas, and natural gas liquids in the Williston Basin. The company was founded in 2007 and is headquartered in Houston, Texas.



Read more: Mizuho Lowers Chord Energy (NASDAQ:CHRD) Price Target to $188.00