Chord Energy Corp (NASDAQ: CHRD) is -17.66% lower on its value in year-to-date trading and has touched a low of $129.75 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 $134.80 in the last trading session, with the day’s loss setting it -1.98%.
Currently trading at $132.82, the stock is -3.79% and -12.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -1.47% at the moment leaves the stock -17.95% off its SMA200. CHRD registered -13.51% loss for a year compared to 6-month loss of -21.92%. The firm has a 50-day simple moving average (SMA 50) of $150.8718 and a 200-day simple moving average (SMA200) of $164.4422.
The stock witnessed a -12.77% gain in the last 1 month and extending the period to 3 months gives it a -18.97%, and is -2.30% 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 2.51% over the week and 2.46% over the month.
Chord Energy Corp (CHRD) has around 514 employees, a market worth around $8.22B and $4.43B in sales. Current P/E ratio is 6.45 and Fwd P/E is 7.46. Profit margin for the company is 20.74%. Distance from 52-week low is 2.37% and -28.92% 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 4.79 with sales reaching $1.36B over the same period.The EPS is expected to grow by 1.81% this year, but quarterly earnings will post 23.70% year-over-year. Quarterly sales are estimated to grow 21.40% in year-over-year returns.
700.0 institutions hold shares in Chord Energy Corp (CHRD), with institutional investors hold 95.46% of the company’s shares. The shares outstanding are 61.88M, and float is at 60.96M with Short Float at 4.11%. Institutions hold 94.74% 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 Brooks Douglas E, the company’s Director. SEC filings show that Brooks Douglas E sold 2 shares of the company’s common stock on Sep 10 ’24 at a price of $143.18 per share for a total of $286.0. Following the sale, the insider now owns 25268.0 shares.
Chord Energy Corp disclosed in a document filed with the SEC on Aug 23 ’24 that Holroyd Samantha (Director) bought a total of 500 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $149.51 per share for $74755.0. Following the transaction, the insider now directly holds 14417.0 shares of the CHRD stock.
Still, SEC filings show that on Feb 16 ’24, Lou Michael H (EVP and CFO) disposed off 3,000 shares at an average price of $165.00 for $0.49 million. The insider now directly holds 128,209 shares of Chord Energy Corp (CHRD).
