UBS Remains a Buy on Chord Energy (CHRD)

In a report released today, Josh Silverstein from UBS maintained a Buy rating on Chord Energy, with a price target of $123.00.

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Silverstein covers the Energy sector, focusing on stocks such as Chevron, Exxon Mobil, and Occidental Petroleum. According to TipRanks, Silverstein has an average return of 4.9% and a 50.99% success rate on recommended stocks.

In addition to UBS, Chord Energy also received a Buy from Roth MKM’s Nicholas Pope in a report issued on November 7. However, on November 5, Scotiabank maintained a Hold rating on Chord Energy (NASDAQ: CHRD).

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

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Samantha Holroyd, a Director at CHRD bought 1,250.00 shares for a total of $106,875.00.