Chord Energy Corp (NASDAQ: CHRD) is -8.27% lower on its value in year-to-date trading and has touched a low of $143.92 and a high of $186.87 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 $148.37 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $147.97, the stock is -5.44% and -9.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing -0.27% at the moment leaves the stock -9.69% off its SMA200. CHRD registered -2.42% loss for a year compared to 6-month gain of -6.37%.
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The stock witnessed a -12.62% loss in the last 1 month and extending the period to 3 months gives it a -16.01%, and is -3.35% down 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 1.93% over the week and 2.69% over the month.
Chord Energy Corp (CHRD) has around 514 employees, a market worth around $9.16B and $4.43B in sales. Current P/E ratio is 7.18 and Fwd P/E is 7.44. Profit margin for the company is 20.74%. Distance from 52-week low is 2.81% and -20.82% from its 52-week high. The company has generated returns on investments over the last 12 months (9.34%).
The EPS is expected to grow by 7.22% this year
696.0 institutions hold shares in Chord Energy Corp (CHRD), with institutional investors hold 95.41% of the company’s shares. The shares outstanding are 61.88M, and float is at 61.03M with Short Float at 4.11%. Institutions hold 94.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.27 million shares valued at $1.05 billion. The investor’s holdings represent 15.1314 of the CHRD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.22 million shares valued at $1.04 billion to account for 14.9963 of the shares outstanding. The other top investors are FMR LLC which holds 3.35 million shares representing 8.0685 and valued at over $561.03 million, while WELLINGTON MANAGEMENT GROUP LLP holds 7.0667 of the shares totaling 2.93 million with a market value of $491.38 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).
