Chord Energy Corp (NASDAQ:CHRD) price on Friday, February 07, rose 1.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $109.38.
A look at the stock’s price movement, the close in the last trading session was $108.27, moving within a range at $108.2 and $110.1999. The beta value (5-Year monthly) was 0.844 while the PE ratio in trailing twelve months stood at 5.63. Turning to its 52-week performance, $186.59 and $107.24 were the 52-week high and 52-week low respectively. Overall, CHRD moved -10.92% over the past month.
Chord Energy Corp’s market cap currently stands at around $6.69 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 8.15, with its dividend yield at 7.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.04B for the company’s revenue for the quarter, with a low and high estimate of 1.02B and 1.05B respectively. The average forecast suggests up to a 7.72% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.91B, representing a 26.12% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CHRD is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend CHRD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CHRD’s current price about -7.75% and -8.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.58, while 7-day volatility ratio is 2.92% and 2.56% in the 30-day chart. Further, Chord Energy Corp (CHRD) has a beta value of 0.99, and an average true range (ATR) of 3.11. Analysts have given the company’s stock an average 52-week price target of $185, forecast between a low of $155 and high of $212. Looking at the price targets, the low is -41.71% off current price level while to achieve the yearly target high, price needs to move -93.82%. Nonetheless, investors will most likely welcome a -69.14% jump to $185 which is the analysts’ median price.
If we refocus on Chord Energy Corp (NASDAQ:CHRD), historical trading data shows that trading volumes averaged 0.88 over the past 10 days and 874.43K over the past 3 months. The company’s latest data on shares outstanding shows there are 61.48 million shares.
The 1.68% of Chord Energy Corp’s shares are in the hands of company insiders while institutional holders own 90.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.62 million on 2025-01-15, giving us a short ratio of 2.05. The data shows that as of 2025-01-15 short interest in Chord Energy Corp (CHRD) stood at 316.00002 of shares outstanding, with shares short falling to 1.64 million registered in 2024-12-13. Current price change has pushed the stock -6.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CHRD stock continues to rise going into the next quarter.
