On Oct 16, major Wall Street analysts update their ratings for $Chord Energy (CHRD.US)$, with price targets ranging from $168 to $211.
UBS analyst Josh Silverstein initiates coverage with a buy rating, and sets the target price at $168.
Wells Fargo analyst Hanwen Chang maintains with a buy rating, and adjusts the target price from $200 to $180.
RBC Capital analyst Scott Hanold maintains with a buy rating, and maintains the target price at $185.
Piper Sandler analyst Mark Lear maintains with a buy rating, and adjusts the target price from $206 to $211.
Furthermore, according to the comprehensive report, the opinions of $Chord Energy (CHRD.US)$'s main analysts recently are as follows:
Chord Energy's advancing operational effectiveness, particularly post-integration with Enerplus, and its robust financial position, which allows for 75% of free cash flow to be distributed to shareholders, are cited as reasons for confidence in the company. The current market valuation, which is considered appealing, does not fully mirror the company's solid fundamentals, according to the analyst perspective.
Chord Energy's outlook for 2025 indicates softer guidance, with updates on business integration and synergy capture. Additionally, the efficiency of well productivity, specifically in the '3rd mile,' along with the progression of cash return mechanisms, are expected to be key topics of interest this quarter.
Here are the latest investment ratings and price targets for $Chord Energy (CHRD.US)$ from 4 analysts:
Note:
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