Key Points
- Director selling: Chord Energy director Douglas Brooks sold 8,000 shares for approximately $1.07 million, reducing his ownership by 42.77% to 10,705 shares.
- Mixed quarterly results: The company reported $2.17 billion in revenue, up 128.6% year over year and well above estimates, while EPS of $6.44 slightly missed the $6.55 consensus.
- Shareholder returns remain attractive: Chord declared a quarterly dividend of $1.30 per share, equivalent to a $5.20 annualized payout and roughly a 4% yield; analysts maintain a “Moderate Buy” consensus with a $152.38 average price target.
Chord Energy Corporation (NASDAQ:CHRD - Get Free Report) Director Douglas Brooks sold 8,000 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $133.14, for a total value of $1,065,120.00. Following the sale, the director owned 10,705 shares in the company, valued at approximately $1,425,263.70. This trade represents a 42.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Chord Energy Stock Down 0.9%
Shares of NASDAQ CHRD opened at $131.35 on Friday. The company has a 50 day simple moving average of $128.03 and a 200 day simple moving average of $125.33. The firm has a market cap of $7.40 billion, a PE ratio of 8.80 and a beta of 0.48. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 0.96.
Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.55 by ($0.11). Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The firm's quarterly revenue was up 128.6% on a year-over-year basis. On average, research analysts forecast that Chord Energy Corporation will post 18.32 EPS for the current year.
Chord Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 4.0%. Chord Energy's dividend payout ratio (DPR) is presently 34.85%.
Institutional Trading of Chord Energy
Several hedge funds have recently bought and sold shares of CHRD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Chord Energy by 17.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,964 shares of the company's stock valued at $13,973,000 after purchasing an additional 18,137 shares in the last quarter. Focus Partners Wealth purchased a new position in Chord Energy in the first quarter worth $289,000. EverSource Wealth Advisors LLC grew its stake in Chord Energy by 364.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the company's stock valued at $151,000 after purchasing an additional 1,220 shares during the period. Jump Financial LLC bought a new position in Chord Energy in the 2nd quarter valued at $1,010,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Chord Energy by 108.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 10,429 shares of the company's stock valued at $1,010,000 after purchasing an additional 5,428 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CHRD. Roth Capital reissued a "buy" rating and issued a $145.00 price objective on shares of Chord Energy in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Chord Energy in a research report on Friday, June 12th. Truist Financial cut their target price on Chord Energy from $185.00 to $170.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Zacks Research lowered Chord Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 9th. Finally, Mizuho raised Chord Energy to a "strong-buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $152.38.
Check Out Our Latest Stock Report on Chord Energy
Key Stories Impacting Chord Energy
Here are the key news stories impacting Chord Energy this week:
- Positive Sentiment: Strong revenue growth: Chord Energy reported second-quarter revenue of $2.17 billion, well above the $1.62 billion consensus estimate and 128.6% higher than the year-ago period. The company also generated $6.44 in adjusted earnings per share, indicating solid operating performance despite falling slightly short of expectations. Chord Energy Boosts Cash Returns After Strong Quarter
- Positive Sentiment: Higher cash returns planned: Beginning in the third quarter of 2026, Chord said it intends to return at least 75% of adjusted free cash flow to shareholders. The policy could support the stock by increasing the potential for dividends and other capital distributions. Chord targets at least 75% of adjusted free cash flow returned to shareholders
- Positive Sentiment: Quarterly dividend declared: The company declared a $1.30-per-share dividend payable September 4 to shareholders of record August 20. The dividend represents an annualized yield of approximately 3.9%, reinforcing Chord’s shareholder-return appeal. Chord Energy dividend and stock information
- Neutral Sentiment: Results largely driven by expectations: Earnings-call materials and the Q2 presentation provide additional detail on production, costs and the company’s outlook, which investors will assess alongside commodity prices and future free-cash-flow generation. Chord Energy Corporation 2026 Q2 Results Earnings Call Presentation
- Negative Sentiment: EPS missed estimates: Second-quarter earnings per share of $6.44 were $0.11 below the $6.55 consensus forecast, which may be weighing on the stock despite the substantial revenue beat.
- Negative Sentiment: Director sold shares: Director Douglas E. Brooks sold 8,000 shares for approximately $1.07 million, reducing his ownership by 42.77%. Although one insider transaction does not establish a trend, the sale can create a modest negative sentiment signal. SEC insider transaction filing
About Chord Energy
(
Get Free Report)
Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.
The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.
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