In the past week, CHRD stock has gone down by -2.66%, with a monthly decline of -3.95% and a quarterly plunge of -24.98%. The volatility ratio for the week is 1.80%, and the volatility levels for the last 30 days are 2.37% for Chord Energy Corp The simple moving average for the last 20 days is -1.55% for CHRD’s stock, with a simple moving average of -18.15% for the last 200 days.
Is It Worth Investing in Chord Energy Corp (NASDAQ: CHRD) Right Now?
The price-to-earnings ratio for Chord Energy Corp (NASDAQ: CHRD) is above average at 6.34x. The 36-month beta value for CHRD is also noteworthy at 0.98. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CHRD is 60.96M, and at present, short sellers hold a 4.34% of that float. The average trading volume of CHRD on October 18, 2024 was 791.11K shares.
CHRD) stock’s latest price update
The stock price of Chord Energy Corp (NASDAQ: CHRD) has jumped by 1.74 compared to previous close of 128.35. Despite this, the company has seen a fall of -2.66% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-06 that Chord Energy, formed from the merger of Oasis and Whiting Petroleum, recently acquired Enerplus, enhancing its strength despite a temporarily weak current ratio. Trading below book value with a P/E ratio of 7.43, Chord Energy offers strong value, especially given its secure production area in the Williston Basin. The company’s success hinges on oil and gas prices, with potential risks from geopolitical tensions, localized issues, and exploration uncertainties.
Analysts’ Opinion of CHRD
Many brokerage firms have already submitted their reports for CHRD stocks, with UBS repeating the rating for CHRD by listing it as a “Buy.” The predicted price for CHRD in the upcoming period, according to UBS is $168 based on the research report published on October 16, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see CHRD reach a price target of $160. The rating they have provided for CHRD stocks is “Hold” according to the report published on September 06th, 2024.
CHRD Trading at -6.23% 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 -30.12% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.92% lower at present.
During the last 5 trading sessions, CHRD fell by -2.66%, which changed the moving average for the period of 200-days by -22.40% in comparison to the 20-day moving average, which settled at $132.64. In addition, Chord Energy Corp saw -19.05% 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 Brooks Douglas E, who sale 2 shares at the price of $143.18 back on Sep 10 ’24. After this action, Brooks Douglas E now owns 25,268 shares of Chord Energy Corp, valued at $286 using the latest closing price.
Holroyd Samantha, the Director of Chord Energy Corp, purchase 500 shares at $149.51 during a trade that took place back on Aug 23 ’24, which means that Holroyd Samantha is holding 14,417 shares at $74,755 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 38.65.
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 2.03. 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 summary, Chord Energy Corp (CHRD) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
