Stifel raised the firm’s price target on Chord Energy to $185 from $182 and keeps a Buy rating on the shares. The firm updated commodity estimates to reflect strip prices through 2025 and revised production and capital forecasts to reflect recent discussions with management in preparation for the upcoming Q1 earnings season for the Americas energy and power group. For Q1, the firm believes investors are "keenly focused" on 2023 E&P capital and operational plans, assessing the "resolve to remain capital discipline," the evolving operating/regulatory environment and management views on M&A.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CHRD:
- Chord Energy price target raised to $213 from $210 at Piper Sandler
- Chord Energy price target raised to $182 from $169 at Stifel
- Chord Energy price target raised to $250 from $187 at Truist
- S&P announces changes to S&P 400, 600 indices at open on 3/20
- Chord Energy price target lowered to $179 from $196 at Mizuho