The stock price of Chord Energy Corp (NASDAQ: CHRD) has plunged by -1.01 when compared to previous closing price of 111.54, but the company has seen a -7.85% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-11 that Chord Energy Corporation’s recent merger and asset sales are expected to enhance cash flow and balance sheet, making CHRD appear undervalued. Stock repurchases and warrant expirations in 2025 could increase demand and valuation, supported by consistent EBITDA growth over the last decade. DCF models indicate significant upside potential, with fair valuations higher than the current stock price, despite recent EPS declines and analyst downgrades.
Is It Worth Investing in Chord Energy Corp (NASDAQ: CHRD) Right Now?
Chord Energy Corp (NASDAQ: CHRD) has a higher price-to-earnings ratio of 5.69x compared to its average ratio, The 36-month beta value for CHRD is at 1.02. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CHRD is 60.17M, and currently, shorts hold a 2.50% of that float. The average trading volume for CHRD on December 20, 2024 was 902.66K shares.
CHRD’s Market Performance
CHRD’s stock has seen a -7.85% decrease for the week, with a -13.59% drop in the past month and a -19.13% fall in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are at 2.74% for Chord Energy Corp The simple moving average for the past 20 days is -9.61% for CHRD’s stock, with a -27.95% simple moving average for the past 200 days.
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 -12.51% 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 -40.83% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -14.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.14% lower at present.
During the last 5 trading sessions, CHRD fell by -7.85%, which changed the moving average for the period of 200-days by -32.16% in comparison to the 20-day moving average, which settled at $122.19. In addition, Chord Energy Corp saw -31.45% 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 Kinney Shannon Browning, who sale 1,000 shares at the price of $116.35 back on Dec 16 ’24. After this action, Kinney Shannon Browning now owns 19,488 shares of Chord Energy Corp, valued at $116,350 using the latest closing price.
Kinney Shannon Browning, the Officer of Chord Energy Corp, proposed sale 1,000 shares at $116.35 during a trade that took place back on Dec 16 ’24, which means that Kinney Shannon Browning is holding shares at $116,350 based on the most recent closing price.
Stock Fundamentals for CHRD
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.29 for the gross margin
The net margin for Chord Energy Corp stands at 0.2. The total capital return value is set at 0.11. Equity return is now at value 13.65, with 9.38 for asset returns.
Based on Chord Energy Corp (CHRD), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 2.3. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 26.72.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 3.68for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, Chord Energy Corp (CHRD) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
