As of Friday close, Chord Energy Corporation’s (NASDAQ:CHRD) stock was down -$3.82, moving down -3.05 percent to $121.51. The average number of shares traded per day over the past five days has been 2,677,260 shares. 2 times new highs have been achieved over the past 5 days, with a -$14.53 fall in that time frame. In the last twenty days, the average volume was 1,226,985, while in the previous 50 days, it was 705,390.
Since last month, CHRD stock retreated -10.39%. Shares of the company fell to $117.05 on 03/17/23, the lowest level in the past month. A 52-week high of $160.73 was reached on 01/27/23 after having rallying from a 52-week low of $89.67. Since the beginning of this year, CHRD’s stock price has dropped by -8.94% or -$15.30, and marked a new high 7 times. However, the stock has declined by -24.40% since its 52-week high.
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Sponsored
CHRD stock investors should be aware that Chord Energy Corporation (CHRD) stock had its last reported insider trading activity 30 days ago on Feb 16. Peterson Lynn A, the Director of the company, disposed of 1,952 shares for $140.13 on Feb 16. It resulted in a $273,534 divestment by the insider. Peterson Lynn A sold 1,048 shares at an average price of $140.06 on Feb 15. The insider now owns 246,050 shares following the transaction. On Jan 18, Director Peterson Lynn A sold 4,685 shares at $140.07 apiece. The transaction was valued at $656,228.
Valuation Metrics
Right now, Chord Energy Corporation (CHRD) has a P/E ratio of about 3.40. Besides these, the trailing price-to-sales (P/S) ratio of 1.41, the price-to-book (PB) ratio of 1.08, and the price-to-cash flow ratio of 6.97 may also be considered.
The latest dividend of $4.80 per share was paid out, which is 30.79% more than last year’s $3.67. On Wednesday February 22 2023, a $1.13 dividend increase was announced.
Financial Health
In the three months ended September 29, Chord Energy Corporation’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.08, and the total debt-to-equity ratio was 0.08. On the profitability front, the trailing twelve-month gross margin is 63.10% percent. In the year ended September 29, operating margins totaled 43.40%. Based on annual data, CHRD earned $1.58 billion in gross profit and brought in $3.65 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 32.10%. Return on equity (ROE) for the past 12 months was 63.00%.
In Chord Energy Corporation’s quarter-end financial report for September 29, it reported total debt of $394.21 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CHRD’s revenue rose 57.78% to $1.19 billion during the quarter, while net income inched up to $1.02 billion. While analysts expected Chord Energy Corporation to report $8.78 quarterly earnings, the actual figure was $7.2 per share, beating the consensus estimate by -18.00%. The liabilities of Chord Energy Corporation were 1.95 billion at the end of its most recent quarter ended September 29, and its total debt was $432.24 million.
Technical Picture
This quick technical analysis looks at Chord Energy Corporation’s (CHRD) price momentum. With a historical volatility rate of 47.13%, the RSI 9-day stood at 27.73% on 17 March.
With respect to its five-day moving average, the current Chord Energy Corporation price is down by -10.68% percent or -$14.53. At present, CHRD shares trade -11.93% below its 20-day simple moving average and -21.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.34% below its SMA50 and -23.45% below its SMA200.
Stochastic coefficient K was 15.93% and Stochastic coefficient D was 21.14%, while ATR was 7.02. Given the Stochastic reading of 14.77% for the 14-day period, the RSI (14) reading has been calculated as 33.21%. As of today, the MACD Oscillator reading stands at -9.65, while the 14-day reading stands at -12.00.
Analyst Ratings
BofA Securities launched its rating on Chord Energy Corporation (NASDAQ: CHRD) to a Buy in a note to investors on January 25, 2023. Chord Energy Corporation (CHRD) has been rated Buy by analysts. According to 0 brokerage firms, CHRD is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Chord Energy Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $178.00, the current consensus forecast for the stock is $150.00 – $210.00. Based on these forecasts, analysts predict Chord Energy Corporation (CHRD) will achieve an average price target of $179.70.