Morgan Stanley Sticks to Its Hold Rating for Chord Energy (CHRD)
Morgan Stanley analyst Devin McDermott maintained a Hold rating on Chord Energy today and set a price target of $123.00.
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According to TipRanks, McDermott is a 5-star analyst with an average return of 10.3% and a 58.90% success rate. McDermott covers the Energy sector, focusing on stocks such as Chevron, Civitas Resources, and EQT.
In addition to Morgan Stanley, Chord Energy also received a Hold from TR | OpenAI – 4o’s Grant Digwell in a report issued on November 18. However, on the same day, Piper Sandler maintained a Buy 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.
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