Wells Fargo analyst Hanwen Chang maintains $Chord Energy (CHRD.US)$ with a buy rating, and adjusts the target price from $200 to $180.
According to TipRanks data, the analyst has a success rate of 42.9% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Chord Energy (CHRD.US)$'s main analysts recently are as follows:
Chord Energy's operational efficiency is noted to be on an upswing post its integration with Enerplus. The company's robust financial position is recognized for enabling the return of 75% of free cash flow to its shareholders. Additionally, the current valuation is deemed attractive, as it does not fully represent the company's solid fundamentals.
The firm notes that Chord Energy's soft guidance for 2025, alongside updates on business integration and synergy capture, the well productivity of the '3rd mile,' and the progression of cash return mechanisms will probably be the primary topics of interest this quarter.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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