Chord Energy price target raised to $211 from $178 at Stifel

Stifel analyst Derrick Whitfield raised the firm’s price target on Chord Energy (CHRD) to $211 from $178 and keeps a Buy rating on the shares. Following investor meetings with the company’s CFO Michael Lou and SVP Corporate Planning and IR Richard Robuck, the firm is increasingly constructive on the financial and strategic merits of its combination with Enerplus (ERF), the analyst tells investors. Stifel believes Chord is the “must-own” oil E&P for exposure outside the Permian.