Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Chord Energy Corp (NASDAQ: CHRD) was $174.17 for the day, down -1.59% from the previous closing price of $176.98. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 1.04 million shares were traded. CHRD stock price reached its highest trading level at $176.74 during the session, while it also had its lowest trading level at $171.07.
Ratios:
Our analysis of CHRD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.92. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on January 05, 2024, Downgraded its rating to Underperform and sets its target price to $165 from $177 previously.
On November 15, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $189.
On August 31, 2023, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $185.BMO Capital Markets initiated its Outperform rating on August 31, 2023, with a $185 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 16 ’24 when Lou Michael H sold 3,000 shares for $165.00 per share. The transaction valued at 495,000 led to the insider holds 128,209 shares of the business.
Lou Michael H sold 3,000 shares of CHRD for $462,450 on Feb 01 ’24. The EVP and CFO now owns 131,209 shares after completing the transaction at $154.15 per share. On Jan 04 ’24, another insider, Lou Michael H, who serves as the EVP and CFO of the company, sold 6,000 shares for $169.80 each. As a result, the insider received 1,018,800 and left with 170,835 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHRD now has a Market Capitalization of 7239045120 and an Enterprise Value of 7329905664. As of this moment, Chord’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.39, and their Forward P/E ratio for the next fiscal year is 8.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 2.016 whereas that against EBITDA is 3.727.
Stock Price History:
Over the past 52 weeks, CHRD has reached a high of $190.23, while it has fallen to a 52-week low of $128.81. The 50-Day Moving Average of the stock is 0.67%, while the 200-Day Moving Average is calculated to be 8.14%.
Shares Statistics:
CHRD traded an average of 721.51K shares per day over the past three months and 572170 shares per day over the past ten days. A total of 41.25M shares are outstanding, with a floating share count of 40.71M. Insiders hold about 2.06% of the company’s shares, while institutions hold 99.84% stake in the company. Shares short for CHRD as of 1713139200 were 3909223 with a Short Ratio of 5.42, compared to 1710460800 on 3213537. Therefore, it implies a Short% of Shares Outstanding of 3909223 and a Short% of Float of 12.3900004.
Dividends & Splits
With its trailing 12-month dividend rate of 10.33, CHRD has a forward annual dividend rate of 5.00. Against a Trailing Annual Dividend Yield of 0.05836818
