Stifel Nicolaus Sticks to Their Buy Rating for Chord Energy (CHRD)

Stifel Nicolaus analyst Derrick Whitfield maintained a Buy rating on Chord Energy (CHRDResearch Report) yesterday and set a price target of $199.00. The company’s shares closed yesterday at $142.62.

Whitfield covers the Utilities sector, focusing on stocks such as Diamondback, Callon, and Comstock Resources. According to TipRanks, Whitfield has an average return of -8.4% and a 39.16% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chord Energy with a $186.40 average price target, representing a 30.70% upside. In a report released on September 9, Citigroup also initiated coverage with a Buy rating on the stock with a $150.00 price target.

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CHRD market cap is currently $5.76B and has a P/E ratio of 3.14.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHRD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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