RBC Capital Sticks to Their Buy Rating for Chord Energy (CHRD)

RBC Capital analyst Scott Hanold maintained a Buy rating on Chord Energy yesterday and set a price target of $180.00.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and EQT. According to TipRanks, Hanold has an average return of 25.1% and a 72.46% success rate on recommended stocks.

In addition to RBC Capital, Chord Energy also received a Buy from Wells Fargo’s Hanwen Chang in a report issued yesterday. 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, Richard N Robuck, the EVP, CFO & Treas of CHRD sold 5,000.00 shares for a total of $608,750.00.