Wells Fargo Issues a Buy Rating on Chord Energy (CHRD)
Wells Fargo analyst Hanwen Chang assigned a Buy rating to Chord Energy today and set a price target of $136.00.
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Chang covers the Energy sector, focusing on stocks such as Devon Energy, Matador Resources, and Murphy Oil. According to TipRanks, Chang has an average return of 9.9% and a 58.59% success rate on recommended stocks.
In addition to Wells Fargo, Chord Energy also received a Buy from TipRanks – xAI’s xAi Oil and Gas Exploration and Production in a report issued yesterday. However, on the same day, 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
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHRD in relation to earlier this year. Earlier this month, Douglas E. Brooks, a Director at CHRD sold 2,126.00 shares for a total of $255,715.28.
Read More on CHRD:
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- Chord Energy price target raised to $136 from $109 at Wells Fargo
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- Chord Energy price target raised to $120 from $97 at Citi
