UBS Sticks to Their Buy Rating for Chord Energy (CHRD)

UBS analyst Josh Silverstein maintained a Buy rating on Chord Energy on March 19 and set a price target of $173.00. The company’s shares closed last Friday at $130.48.

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According to TipRanks, Silverstein is a 5-star analyst with an average return of 12.2% and a 65.67% success rate. Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Devon Energy, and APA.

Currently, the analyst consensus on Chord Energy is a Moderate Buy with an average price target of $138.00, a 5.76% upside from current levels. In a report released on March 21, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $148.00 price target.

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, Richard N Robuck, the EVP, CFO & Treas of CHRD sold 5,000.00 shares for a total of $608,750.00.