The stock of Chord Energy Corp (CHRD) has gone down by -0.99% for the week, with a -12.52% drop in the past month and a -17.42% drop in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are 2.68% for CHRD. The simple moving average for the last 20 days is -3.64% for CHRD stock, with a simple moving average of -10.23% for the last 200 days.
Is It Worth Investing in Chord Energy Corp (NASDAQ: CHRD) Right Now?
Chord Energy Corp (NASDAQ: CHRD) has a price-to-earnings ratio of 7.13x that is above its average ratio. Additionally, the 36-month beta value for CHRD is 1.01. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CHRD is 61.05M and currently, short sellers hold a 4.10% ratio of that float. The average trading volume of CHRD on August 29, 2024 was 1.26M shares.
CHRD) stock’s latest price update
The stock of Chord Energy Corp (NASDAQ: CHRD) has decreased by -0.20 when compared to last closing price of 147.19. Despite this, the company has experienced a -0.99% fall in its stock price over the last five trading sessions. benzinga.com reported 2024-08-23 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Analysts’ Opinion of CHRD
Citigroup, on the other hand, stated in their research note that they expect to see CHRD reach a price target of $195. The rating they have provided for CHRD stocks is “Buy” according to the report published on July 01st, 2024.
BofA Securities gave a rating of “Buy” to CHRD, setting the target price at $201 in the report published on June 14th of the current year.
CHRD Trading at -9.53% from the 50-Day Moving Average
After a stumble in the market that brought CHRD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.39% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -14.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.71% lower at present.
During the last 5 trading sessions, CHRD fell by -0.99%, which changed the moving average for the period of 200-days by -8.43% in comparison to the 20-day moving average, which settled at $152.19. In addition, Chord Energy Corp saw -8.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHRD starting from Holroyd Samantha, who purchase 500 shares at the price of $149.51 back on Aug 23 ’24. After this action, Holroyd Samantha now owns 14,417 shares of Chord Energy Corp, valued at $74,755 using the latest closing price.
Lou Michael H, the EVP and CFO of Chord Energy Corp, sale 3,000 shares at $165.00 during a trade that took place back on Feb 16 ’24, which means that Lou Michael H is holding 128,209 shares at $495,000 based on the most recent closing price.
Stock Fundamentals for CHRD
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.32 for the gross margin
The net margin for Chord Energy Corp stands at 0.21. The total capital return value is set at 0.11. Equity return is now at value 13.47, with 9.33 for asset returns.
Based on Chord Energy Corp (CHRD), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.69. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 139.86.
Currently, EBITDA for the company is 1.88 billion with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 3.48for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, Chord Energy Corp (CHRD) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
