Citi Reaffirms Their Hold Rating on Chord Energy (CHRD)
Citi analyst Paul Diamond CFA maintained a Hold rating on Chord Energy yesterday and set a price target of $120.00. The company’s shares closed yesterday at $126.37.
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Diamond CFA covers the Energy sector, focusing on stocks such as Range Resources, Magnolia Oil & Gas, and Chord Energy. According to TipRanks, Diamond CFA has an average return of 6.1% and a 58.20% success rate on recommended stocks.
In addition to Citi, Chord Energy also received a Hold from TipRanks – PerPlexity’s PerPlexity Oil and Gas Exploration and Production in a report issued today. However, on the same day, TipRanks – xAI reiterated a Buy 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 43 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, Michael Lou, the EVP, CSO, and CCO of CHRD sold 15,000.00 shares for a total of $1,882,017.48.
Read More on CHRD:
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- Chord Energy price target raised to $140 from $118 at BofA
- Chord Energy price target raised to $136 from $109 at Wells Fargo
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