Fintel reports that on January 3, 2025, Wolfe Research upgraded their outlook for Chord Energy (NasdaqGS:CHRD) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 51.12% Upside
As of December 23, 2024, the average one-year price target for Chord Energy is $179.67/share. The forecasts range from a low of $151.50 to a high of $222.60. The average price target represents an increase of 51.12% from its latest reported closing price of $118.89 / share.
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The projected annual revenue for Chord Energy is 4,314MM, a decrease of 3.02%. The projected annual non-GAAP EPS is 31.73.
What is the Fund Sentiment?
There are 1,107 funds or institutions reporting positions in Chord Energy. This is an decrease of 36 owner(s) or 3.15% in the last quarter. Average portfolio weight of all funds dedicated to CHRD is 0.32%, an increase of 19.88%. Total shares owned by institutions increased in the last three months by 3.69% to 71,006K shares. 
The put/call ratio of CHRD is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
Victory Capital Management holds 2,245K shares representing 3.67% ownership of the company. In its prior filing, the firm reported owning 1,589K shares , representing an increase of 29.23%. The firm decreased its portfolio allocation in CHRD by 4.43% over the last quarter.
Boston Partners holds 2,071K shares representing 3.39% ownership of the company. In its prior filing, the firm reported owning 1,690K shares , representing an increase of 18.39%. The firm decreased its portfolio allocation in CHRD by 63.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,957K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 1,869K shares , representing an increase of 4.50%. The firm decreased its portfolio allocation in CHRD by 23.62% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,934K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 1,934K shares , representing an increase of 0.02%. The firm decreased its portfolio allocation in CHRD by 29.06% over the last quarter.
Wellington Management Group Llp holds 1,635K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 2,930K shares , representing a decrease of 79.21%. The firm decreased its portfolio allocation in CHRD by 94.04% over the last quarter.
Chord Energy Background Information
(This description is provided by the company.)
Oasis Petroleum, Inc. is an independent exploration and production company with quality and sustainable long-lived assets in the Williston and Delaware Basins. The Company is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States.
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This story originally appeared on Fintel.
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