Piper Sandler Reaffirms Their Buy Rating on Chord Energy (CHRD)
In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Chord Energy, with a price target of $165.00.
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According to TipRanks, Lear is a 4-star analyst with an average return of 3.4% and a 54.39% success rate. Lear covers the Energy sector, focusing on stocks such as EOG Resources, Coterra Energy, and Devon Energy.
In a report released on December 12, Mizuho Securities also maintained a Buy rating on the stock with a $150.00 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
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHRD in relation to earlier this year. Last month, Samantha Holroyd, a Director at CHRD bought 1,250.00 shares for a total of $106,875.00.
Read More on CHRD:
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- Chord Energy price target raised to $150 from $142 at Mizuho
- Chord Energy initiated with an Outperform at William Blair
- Chord Energy: Strong Financial Position and Growth Potential Justify Buy Rating
- Chord Energy price target lowered to $123 from $128 at Morgan Stanley
- Chord Energy price target lowered to $165 from $167 at Piper Sandler
