Chord Energy Corp (NASDAQ:CHRD) price on Friday, February 28, rose 0.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $114.30.
A look at the stock’s price movement, the close in the last trading session was $113.71. The PE ratio in trailing twelve months stood at 7.18. Turning to its 52-week performance, $186.59 and $107.24 were the 52-week high and 52-week low respectively. Overall, CHRD moved -2.12% over the past month.
Chord Energy Corp’s market cap currently stands at around $6.99 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 8.15, with its dividend yield at 7.13%. 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 1.05B for the company’s revenue for the quarter, with a low and high estimate of 1.01B and 1.07B respectively. The average forecast suggests down to a -3.47% 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 4.22B, representing a -19.59% decline 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 50% 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 2.18% and -1.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.64, while 7-day volatility ratio is 2.56% and 2.87% in the 30-day chart. Further, Chord Energy Corp (CHRD) has a beta value of 0.98, and an average true range (ATR) of 3.39. 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 -35.61% off current price level while to achieve the yearly target high, price needs to move -85.48%. Nonetheless, investors will most likely welcome a -61.85% 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 817.94K over the past 3 months. The company’s latest data on shares outstanding shows there are 61.13 million shares.
The 1.67% of Chord Energy Corp’s shares are in the hands of company insiders while institutional holders own 89.71% of the company’s shares. Current price change has pushed the stock -2.24% 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.
