Chord Energy Corp (NASDAQ: CHRD) is -21.25% lower on its value in year-to-date trading and has touched a low of $79.83 and a high of $186.15 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 $90.23 in the last trading session, with the day’s gains setting it 1.85%.
Currently trading at $92.08, the stock is 0.76% and -9.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 2.05% at the moment leaves the stock -26.24% off its SMA200. CHRD registered -49.07% loss for a year compared to 6-month loss of -27.06%. The firm has a 50-day simple moving average (SMA 50) of $102.13 and a 200-day simple moving average (SMA200) of $125.116.
The stock witnessed a -18.25% gain in the last 1 month and extending the period to 3 months gives it a -20.41%, and is -2.82% 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 2.86% over the week and 5.93% over the month.
Chord Energy Corp (CHRD) has around 762 employees, a market worth around $5.48B and $5.25B in sales. Current P/E ratio is 5.79 and Fwd P/E is 8.43. Profit margin for the company is 16.10%. Distance from 52-week low is 15.35% and -50.54% from its 52-week high. The company has generated returns on investments over the last 12 months (8.84%).
The EPS is expected to shrink by -37.89% this year
609.0 institutions hold shares in Chord Energy Corp (CHRD), with institutional investors hold 90.67% of the company’s shares. The shares outstanding are 60.07M, and float is at 58.62M with Short Float at 3.78%. Institutions hold 89.79% 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 12.8937 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 12.7785 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 Kinney Shannon Browning, the company’s EVP, CAO, GC & Corp Secretary. SEC filings show that Kinney Shannon Browning sold 1,000 shares of the company’s common stock on Dec 16 ’24 at a price of $116.35 per share for a total of $0.12 million. Following the sale, the insider now owns 19488.0 shares.
Still, SEC filings show that on Dec 09 ’24, Kinney Shannon Browning (EVP, CAO, GC & Corp Secretary) disposed off 1,000 shares at an average price of $121.27 for $0.12 million. The insider now directly holds 20,488 shares of Chord Energy Corp (CHRD).
