Truist lowered the firm’s price target on Chord Energy (CHRD) to $226 from $228 and keeps a Buy rating on the shares. The company continues with its superior return of capital, paying out over 75% of free cash flow while providing an attractive option for investors previously holding Marathon Oil (MRO), the analyst tells investors in a research note. The firm adds however that it is adjusting for lower gas volumes due to Marcellus curtailments and slightly lower than previously expected oil volumes in the second half of the year.
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