Piper Sandler analyst Mark Lear raised the firm’s price target on Chord Energy to $219 from $218 and keeps an Overweight rating on the shares. The analyst updated exploration and production models following the Q4 reports. The firm says gas has been a frequent topic of discussion, and gas-weighted names have responded well to supply curtailments and lower spending and activity levels. Piper’s top picks in the group remain Diamondback Energy (FANG), Permian Resources (PR), Chord Energy (CHRD) and EQT (EQT).
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 price target raised to $211 from $178 at Stifel
- Chord Energy price target raised to $218 from $205 at Piper Sandler
- Chord Energy price target raised to $229 from $224 at Truist
- Enerplus downgraded to Tender from Buy at TD Securities
- Chord Energy price target raised to $189 from $188 at Mizuho