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Chord Energy (CHRD) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Fri Mar 6, 7:03AM CST

In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Chord Energy, with a price target of $128.00. The company’s shares closed yesterday at $114.00.

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According to TipRanks, Hanold is a top 100 analyst with an average return of 26.8% and a 72.27% success rate. Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and Expand Energy.

In addition to RBC Capital, Chord Energy also received a Buy from Piper Sandler’s Mark Lear in a report issued today. However, on February 26, TipRanks – Anthropic reiterated a Hold rating on Chord Energy (NASDAQ: CHRD).

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Based on Chord Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $84.42 million. In comparison, last year the company earned a revenue of $1.45 billion and had a net profit of $210.6 million

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