$CHRD

6 stories mentioning CHRD

Every FINWIRES story that references CHRD, newest first.

Chord Energy Q1 Beat on Higher Oil Output, Lower Costs, RBC Says

Chord Energy (CHRD) reported stronger-than-expected Q1 results thanks to higher oil production and lower cash costs, RBC Capital said in a Friday note."CHRD is pulling forward activity through efficiencies and also reducing downtime that delivers strong oil volumes without impacting capital spending," the report said.The report said strong execution through adverse weatherand midstream constraints in Q1 did not slow the firm from delivering production that exceeded the high end of guidance.The note also pointed to higher oil production with unchanged capital budget for 2026."CHRD's balance sheet remains best-in-class to SMid peers andthe FCF should continue to drive down the leverage ratio," the note said. RBC kept its outperform rating and $180 price target.Price: $149.14, Change: $+0.75, Percent Change: +0.51%

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Insider Trading34d ago

Chord Energy Insider Sold Shares Worth $1,099,710, According to a Recent SEC Filing

Douglas E Brooks, Director, on May 07, 2026, sold 8,000 shares in Chord Energy (CHRD) for $1,099,710. Following the Form 4 filing with the SEC, Brooks has control over a total of 18,705 common shares of the company, with 18,705 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1486159/000154814726000010/xslF345X05/wk-form4_1778535176.xml

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Equities39d ago

UBS Adjusts Price Target on Chord Energy to $179 From $176, Maintains Buy Rating

Chord Energy (CHRD) has an average rating of overweight and mean price target of $168, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Commodities40d ago

Chord Energy Beats Production Guidance, Raises Full-Year Oil Outlook

Chord Energy (CHRD) reported on Tuesday its Q1 2026 oil production volumes at 158,000 barrels per day, beating guidance at 152,500 b/d to 155,500 b/d.Natural gas liquids production came in at 49,000 b/d, matching the high end of company forecasts.Natural gas output also topped expectations, reaching 411.4 million cubic feet per day, above the guided range of 401 MMcf/d to 409 MMcf/d.Chord Energy said cash flow from operations and adjusted free cash flow both beat expectations during the quarter, supported by the stronger oil volumes and capital spending that remained in line with plans.Citing solid drilling, completions, and production performance, the company raised its full-year 2026 oil production outlook by 2,000 b/d to 161,000 b/d, while leaving its capital budget unchanged.The company also provided an update on its first full 4-mile development project, saying it successfully executed and brought online the five-well Toonie pad.Project performance is tracking in line with expectations, the company said.

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Wire40d ago

Chord Energy Q1 Adjusted Earnings, Revenue Rise

Chord Energy (CHRD) reported Q1 adjusted earnings late Tuesday of $4.56 per diluted share, up from $4.04 a year earlier.Analysts surveyed by FactSet expected $3.51.Revenue in the three months ended March 31 rose to $1.67 billion from $1.22 billion a year earlier.Analysts polled by FactSet expected $1.21 billion.The company maintained its quarterly dividend at $1.30 a share, payable June 5 to stockholders of record May 20.Chord shares rose 2.2% in after-hours trading.

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Oil & Energy67d ago

RBC Capital Markets Raises Commodity Price Outlook for 2026-28

RBC Capital Markets has raised its commodity price outlook due to the potentially long-lasting impact of the conflict between the US and Iran.The analysts said the tightening of supply and demand fundamentals has prompted them to raise their 2026-2028 equilibrium price for Brent/WTI by $10 to $80/$75 and Henry Hub natural gas by $0.25 to $4.00 per million cubic feet."This move reflects ongoing collateral damage in the Gulf region and a rising call on barrels globally from an energy security standpoint," RBC's research note said.It added that share buy-back activities were likely to slow given the recent sharp rise in equities valuations, up by more than 50% in the calendar year so far.In terms of trading ideas, RBC highlighted ConocoPhillips (COP) and EOG Resources (EOG) among large players, California Resources (CRC), Permian Resources (PR) and Chord Energy Group (CHRD) among small to medium and Expand Energy Corp (EXE) in gas.RBC said it had raised its EPS-to-cash flow per share estimates by an average 45% to reflect its revised commodity price expectations with oil players in this basket generally up closer to 55%.In keeping with this, price targets have been raised 27% on average, the note said.

$CHRD$COP$CRC$EOG$EXE$PR