Chord Energy Corp (NASDAQ: CHRD) is -17.94% lower on its value in year-to-date trading and has touched a low of $123.30 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 $129.84 in the last trading session, with the day’s gains setting it 2.52%.
Currently trading at $132.36, the stock is 2.88% and 1.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 1.94% at the moment leaves the stock -15.58% off its SMA200. CHRD registered -14.96% loss for a year compared to 6-month loss of -24.43%. The firm has a 50-day simple moving average (SMA 50) of $131.001 and a 200-day simple moving average (SMA200) of $158.5731.
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The stock witnessed a 3.00% gain in the last 1 month and extending the period to 3 months gives it a -11.76%, and is 1.12% 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 2.62% over the week and 2.31% over the month.
Chord Energy Corp (CHRD) has around 514 employees, a market worth around $8.09B and $4.76B in sales. Current P/E ratio is 6.82 and Fwd P/E is 9.51. Profit margin for the company is 19.66%. Distance from 52-week low is 7.35% and -29.17% from its 52-week high. The company has generated returns on investments over the last 12 months (9.68%).
The EPS is expected to shrink by -13.54% this year
677.0 institutions hold shares in Chord Energy Corp (CHRD), with institutional investors hold 91.62% of the company’s shares. The shares outstanding are 61.13M, and float is at 60.18M with Short Float at 3.95%. Institutions hold 90.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.22 million shares valued at $1.04 billion. The investor’s holdings represent 14.9963 of the CHRD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.27 million shares valued at $1.05 billion to account for 12.8937 of the shares outstanding. The other top investors are FMR LLC which holds 3.35 million shares representing 6.8753 and valued at over $561.03 million, while WELLINGTON MANAGEMENT GROUP LLP holds 6.0217 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).
