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Stifel Nicolaus Reaffirms Their Buy Rating on Chord Energy (CHRD)

Stifel Nicolaus analyst Derrick Whitfield maintained a Buy rating on Chord Energy (CHRDResearch Report) on July 22 and set a price target of $192.00. The company’s shares closed last Friday at $113.14.

According to TipRanks.com, Whitfield is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.8% and a 30.2% success rate. Whitfield covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chord Energy with a $195.50 average price target, implying a 72.9% upside from current levels. In a report issued on July 19, Truist Financial also maintained a Buy rating on the stock with a $213.00 price target.

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Based on Chord Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $653 million and net profit of $466 million. In comparison, last year the company earned revenue of $325 million and had a GAAP net loss of $43.59 million.

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Oasis Petroleum Inc is an independent exploration and production company focused on the acquisition and development of unconventional onshore oil and natural gas resources in the United States.

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