Siebert Williams Shank & Co Remains a Buy on Chord Energy (CHRD)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Chord Energy on March 20 and set a price target of $150.00. The company’s shares closed last Friday at $131.91.

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Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources. According to TipRanks, Sorbara has an average return of 14.7% and a 65.08% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chord Energy with a $138.00 average price target, a 4.62% upside from current levels. In a report released on March 21, TipRanks – DeepSeek also reiterated a Buy rating on the stock with a $146.00 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.