Citi raised the firm’s price target on Chord Energy to $185 from $170 and keeps a Buy rating on the shares. The company’s Q2 outperformance was driven by higher than expected production on mixed pricing with “noisy but higher than expected” operational expenses, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHRD:
- Chord Energy raises 2023 total volumes view to 168.7-171.7 MBoepd
- Chord Energy sees Q3 total volumes 167.0-172.0 MBoepd
- Chord Energy reports Q2 adjusted EPS $3.65, consensus $3.88
- Chord Energy Corporation Reports Financial and Operating Results for Second Quarter 2023, Declares Base and Variable Dividends and Issues Updated Outlook
- CHRD Earnings Report this Week: Is It a Buy, Ahead of Earnings?