Chord Energy Corp (NASDAQ: CHRD) is -5.09% lower on its value in year-to-date trading and has touched a low of $145.15 and a high of $188.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHRD stock was last observed hovering at around $152.79 in the last trading session, with the day’s gains setting it 1.61%.
Currently trading at $154.40, the stock is -5.38% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 1.05% at the moment leaves the stock -6.69% off its SMA200. CHRD registered 4.05% gain for a year compared to 6-month gain of 0.79%.
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The stock witnessed a -12.55% loss in the last 1 month and extending the period to 3 months gives it a -14.50%, and is 2.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 2.68% over the month.
Chord Energy Corp (CHRD) has around 514 employees, a market worth around $9.55B and $4.43B in sales. Current P/E ratio is 7.50 and Fwd P/E is 7.60. Profit margin for the company is 20.74%. Distance from 52-week low is 6.37% and -18.07% from its 52-week high. The company has generated returns on investments over the last 12 months (9.34%).
Chord Energy Corp quarterly earnings per share for the current quarter are estimated at 5.05 with sales reaching $1.36B over the same period.The EPS is expected to grow by 9.27% this year, but quarterly earnings will post 23.80% year-over-year. Quarterly sales are estimated to grow 21.10% in year-over-year returns.
692.0 institutions hold shares in Chord Energy Corp (CHRD), with institutional investors hold 94.31% of the company’s shares. The shares outstanding are 61.88M, and float is at 61.06M with Short Float at 4.11%. Institutions hold 93.60% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.1 million shares valued at $$909.45 million. The investor’s holdings represent 12.3043 of the CHRD Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 4.34 million shares valued at $$772.93 million to account for 10.4574 of the shares outstanding. The other top investors are FMR LLC which holds 3.37 million shares representing 8.1257 and valued at over $$600.59 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.3742 of the shares totaling 2.23 million with a market value of $$397.22 million.
Chord Energy Corp (CHRD) Insider Activity
The most recent transaction is an insider sale by Lou Michael H, the company’s EVP and CFO. SEC filings show that Lou Michael H sold 3,000 shares of the company’s common stock on Feb 16 ’24 at a price of $165.00 per share for a total of $0.49 million. Following the sale, the insider now owns 0.13 million shares.
Chord Energy Corp disclosed in a document filed with the SEC on Feb 01 ’24 that Lou Michael H (EVP and CFO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $154.15 per share for $0.46 million. Following the transaction, the insider now directly holds 0.13 million shares of the CHRD stock.
Still, SEC filings show that on Jan 04 ’24, Lou Michael H (EVP and CFO) disposed off 6,000 shares at an average price of $169.80 for $1.02 million. The insider now directly holds 170,835 shares of Chord Energy Corp (CHRD).
