Siebert Williams Shank & Co Sticks to Their Buy Rating for Chord Energy (CHRD)
In a report released on February 13, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Chord Energy, with a price target of $128.00. The company’s shares closed last Friday at $102.02.
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Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources. According to TipRanks, Sorbara has an average return of 15.1% and a 63.49% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chord Energy with a $121.55 average price target, a 19.14% upside from current levels. In a report released on February 11, Piper Sandler also maintained a Buy rating on the stock with a $151.00 price target.
Based on Chord Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.31 billion and a net profit of $130.11 million. In comparison, last year the company earned a revenue of $1.45 billion and had a net profit of $225.32 million
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- Chord Energy price target lowered to $151 from $160 at Piper Sandler
- Chord Energy price target lowered to $109 from $113 at Wells Fargo
- Chord Energy price target lowered to $114 from $123 at Morgan Stanley
- Chord Energy price target lowered to $99 from $101 at Jefferies
- Chord Energy price target lowered to $114 from $120 at Scotiabank
