Chord Energy Corp (NASDAQ:CHRD) shares, rose in value on Friday, January 24, with the stock price down by -2.72% to the previous day’s close as strong demand from buyers drove the stock to $117.46.
Actively observing the price movement in the last trading, the stock closed the session at $120.74, falling within a range of $117.24 and $121.8007. The value of beta (5-year monthly) was 0.844 whereas the PE ratio was 6.05 over 12-month period. Referring to stock’s 52-week performance, its high was $186.59, and the low was $109.59. On the whole, CHRD has fluctuated by 5.98% over the past month.
With the market capitalization of Chord Energy Corp currently standing at about $7.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 8.15, with its dividend yield at 6.94%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.92B, with a low estimate of 1.02B and a high estimate of 1.39B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.1B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHRD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CHRD currently trading nearly -2.80% and -3.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.96, while the 7-day volatility ratio is showing 2.48% which for the 30-day chart, stands at 2.25%. Furthermore, Chord Energy Corp (CHRD)’s beta value is 0.99, and its average true range (ATR) is 3.05.
A comparison of Chord Energy Corp (CHRD) with its peers suggests the former has fared considerably weaker in the market. CHRD showed an intraday change of -2.72% in last session, and over the past year, it shrunk by -20.13%%.
Data on historical trading for Chord Energy Corp (NASDAQ:CHRD) indicates that the trading volumes over the past 10 days have averaged 0.64 and over the past 3 months, they’ve averaged 875.24K. According to company’s latest data on outstanding shares, there are 61.48 million shares outstanding.
Nearly 1.60% of Chord Energy Corp’s shares belong to company insiders and institutional investors own 90.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.84 million shares as on 2024-12-31, resulting in a short ratio of 2.1. According to the data, the short interest in Chord Energy Corp (CHRD) stood at 361.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 1.51 million. The stock has risen by 0.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHRD stock heading into the next quarter.
