Chord Energy Corp [NASDAQ: CHRD] loss -2.11% or -3.73 points to close at $173.03 with a heavy trading volume of 5096872 shares.
The daily chart for CHRD points out that the company has recorded 9.17% gains over the past six months.
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If we look at the average trading volume of 924.79K shares, CHRD reached to a volume of 5096872 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Chord Energy Corp [CHRD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHRD shares is $215.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHRD stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Chord Energy Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 03, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $177 to $165. The new note on the price target was released on January 05, 2024, representing the official price target for Chord Energy Corp stock. Previously, the target price had yet another raise to $189, while Wells Fargo analysts kept a Overweight rating on CHRD stock.
The Average True Range (ATR) for Chord Energy Corp is set at 4.71, with the Price to Sales ratio for CHRD stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 7.11. Price to Free Cash Flow for CHRD in the course of the last twelve months was 8.99 with Quick ratio for the last quarter at 1.07.
Trading performance analysis for CHRD stock
Chord Energy Corp [CHRD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.48. With this latest performance, CHRD shares dropped by -0.75% in over the last four-week period, additionally plugging by 9.17% over the last 6 months – not to mention a rise of 19.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHRD stock in for the last two-week period is set at 41.86, with the RSI for the last a single of trading hit 37.29, and the three-weeks RSI is set at 43.80 for Chord Energy Corp [CHRD]. The present Moving Average for the last 50 days of trading for this stock 180.56, while it was recorded at 178.96 for the last single week of trading, and 166.10 for the last 200 days.
Chord Energy Corp [CHRD]: A deeper dive into fundamental analysis
Chord Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.14.
Chord Energy Corp [CHRD]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHRD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chord Energy Corp go to 9.00%.
An analysis of Institutional ownership at Chord Energy Corp [CHRD]
The top three institutional holders of CHRD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CHRD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CHRD stock with ownership which is approximately 5.8386%.
