Siebert Williams Shank & Co Sticks to Its Buy Rating for Chord Energy (CHRD)
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Chord Energy on February 20 and set a price target of $128.00. The company’s shares closed last Friday at $105.38.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.1% and a 63.49% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.
Currently, the analyst consensus on Chord Energy is a Moderate Buy with an average price target of $121.55, which is a 15.34% 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
Read More on CHRD:
Disclaimer & DisclosureReport an Issue
- CHRD Earnings this Week: How Will it Perform?
- 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
