Chord Energy
CHRD

$172.62

0.11%

Market Cap: 10.8B

About: 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.

Employees: 531

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 17 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

77% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 48

62% more call options, than puts

Call options by funds: $24.6M | Put options by funds: $15.2M

14% more repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 129

13% more capital invested

Capital invested by funds: $6.82B [Q4 2023] → $7.7B (+$886M) [Q1 2024]

10% more funds holding

Funds holding: 384 [Q4 2023] → 421 (+37) [Q1 2024]

4.94% more ownership

Funds ownership: 99.48% [Q4 2023] → 104.42% (+4.94%) [Q1 2024]

7% less funds holding in top 10

Funds holding in top 10: 14 [Q4 2023] → 13 (-1) [Q1 2024]

See Fund Rankings

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$189

9%

upside

Avg. target

$216

25%

upside

High target

$234

36%

upside

17 analyst ratings

17 positive

100%

0 neutral

0%

0 negative

0%

Truist Securities Neal Dingmann	29%upside $223	Buy Maintained	22 Jul 2024
Piper Sandler Mark Lear	36%upside $234	Overweight Maintained	18 Jul 2024
Citigroup Paul Diamond	13%upside $195	Buy Reinstated	1 Jul 2024
B of A Securities Noah Hungness	16%upside $201	Buy Reinstated	14 Jun 2024
Truist Securities Neal Dingmann	31%upside $226	Buy Maintained	3 Jun 2024

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Financial journalist opinion

Chord Energy Schedules Second Quarter 2024 Earnings Release and Conference Call

HOUSTON , July 25, 2024 /PRNewswire/ -- Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its second quarter 2024 financial and operating results on Wednesday, August 7, 2024 after market close. The Company will host a live webcast and conference call on Thursday, August 8, 2024 at 9:00 a.m.

Chord Energy Schedules Second Quarter 2024 Earnings Release and Conference Call

Chord Energy: Synergies Expected, High FCF Yield Remains Attractive

Chord Energy engaged in M&A to boost efficiencies and profits, but WTI crude oil prices have outperformed Energy-sector equities this year. CHRD reported strong Q2 earnings, with a low P/E ratio and high free cash flow yield making the stock attractive. CHRD's EPS is expected to grow 16% this year, with a potential for a low-teens P/E ratio if EPS growth increases to high-single digits.

Chord Energy: Synergies Expected, High FCF Yield Remains Attractive

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Zacks Investment Research

Chord (CHRD) Updates 2024 Outlook After Enerplus Acquisition

Chord's (CHRD) merger with Enerplus is expected to create a leading operator within the Williston Basin, boasting a significantly low-cost inventory and a sound financial position.

Chord (CHRD) Updates 2024 Outlook After Enerplus Acquisition

Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company

HOUSTON, May 31, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced today the completion of their previously announced business combination (the "Arrangement"). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received the approval of the Court of King's Bench of Alberta on May 28, 2024.

Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company

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Chord Energy Corporation (CHRD) Q1 2024 Earnings Call Transcript

Chord Energy Corporation (NASDAQ:CHRD ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Richard Robuck - EVP & CFO Daniel Brown - President & CEO Darrin Henke - COO & EVP Conference Call Participants Neal Dingmann - Truist Securities David Deckelbaum - Cowen John Guinee - Stifel Sean McGowan - Daniel Energy Partners Operator Good morning, ladies and gentlemen, and welcome to the Chord Energy First Quarter 2024 Earnings Call. [Operator Instructions].

Chord Energy Corporation (CHRD) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Chord Energy Corporation (CHRD) Q1 Earnings and Revenues Beat Estimates

Chord Energy Corporation (CHRD) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.75 per share. This compares to earnings of $4.50 per share a year ago.

Chord Energy Corporation (CHRD) Q1 Earnings and Revenues Beat Estimates

Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus

HOUSTON , May 7, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the first quarter 2024. 1Q24 Operational and Financial Highlights: Oil volumes of 99.0 MBopd exceeded the high-end of guidance; Lease Operating Expense of $10.39/BOE was below the low-end of guidance; Total volumes of 168.4 MBoepd; E&P and other CapEx of $257.7MM (including $3.9MM of reimbursed non-operated capital); 1Q24 volumes and capital reflect activity acceleration driven by cycle-time improvement, along with strong well performance; Net cash provided by operating activities was $406.7MM and net income was $199.4MM; Adjusted EBITDA(1) was $464.8MM and Adjusted Free Cash Flow(1) was $199.6MM; and Chord and Enerplus Corporation ("Enerplus") expect to complete the previously announced transaction to combine on May 31, 2024, subject to customary closing conditions.

Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus

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