Chord Energy (CHRD) Receives a Rating Update from a Top Analyst

In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Chord Energy, with a price target of $128.00.

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According to TipRanks, Hanold is a top 100 analyst with an average return of 25.1% and a 72.46% success rate. Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Chord Energy, and Devon Energy.

In addition to RBC Capital, Chord Energy also received a Buy from Morgan Stanley’s Devin McDermott in a report issued on March 30. However, on March 31, Citi maintained a Hold rating on Chord Energy (NASDAQ: CHRD).

Based on Chord Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $84.42 million. In comparison, last year the company earned a revenue of $1.45 billion and had a net profit of $210.6 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHRD in relation to earlier this year. Last month, Michael Lou, the EVP, CSO, and CCO of CHRD sold 15,000.00 shares for a total of $1,882,017.48.