Mizuho raised the firm’s price target on Chord Energy (CHRD) to $189 from $188 and keeps a Buy rating on the shares. The analyst views the Enerplus (ERF) acquisition positively for Chord. The deal will increase the company’s operational scale in the basin, expand its market relevance and enable it to maintain an above-average cash return framework and an under-levered balance sheet, the analyst tells investors in a research note.
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Read More on CHRD:
- Chord Energy Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, Declares Base and Variable Dividends and Issues 2024 Outlook
- Chord Energy price target lowered to $205 from $209 at Piper Sandler
- Chord Energy price target raised to $228 from $225 at Truist
- Chord Energy double downgraded to Underperform at BofA on oil price caution
- Chord Energy downgraded to Underperform from Buy at BofA
