Siebert Williams Shank & Co Sticks to Their Buy Rating for Chord Energy (CHRD)

Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Chord Energy on December 19 and set a price target of $135.00. The company’s shares closed yesterday at $90.16.

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Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Infinity Natural Resources, Inc. Class A, and Comstock Resources. According to TipRanks, Sorbara has an average return of 16.5% and a 55.21% success rate on recommended stocks.

Currently, the analyst consensus on Chord Energy is a Moderate Buy with an average price target of $127.46, a 41.37% upside from current levels. In a report released on December 19, Piper Sandler also maintained a Buy rating on the stock with a $165.00 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.