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Piper Sandler Sticks to Their Buy Rating for Chord Energy (CHRD)

Tipranks - Fri Mar 6, 7:03AM CST

In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Chord Energy, with a price target of $158.00.

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According to TipRanks, Lear is a 4-star analyst with an average return of 5.1% and a 57.45% success rate. Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum.

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

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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