UPDATE 1-Chord Energy to buy Canada's Enerplus to boost Williston basin presence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2024
0mins
Source: Yahoo Finance
Analyst Views on CHRD
Wall Street analysts forecast CHRD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHRD is 129.27 USD with a low forecast of 105.00 USD and a high forecast of 165.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 94.850
Low
105.00
Averages
129.27
High
165.00
Current: 94.850
Low
105.00
Averages
129.27
High
165.00
About CHRD
Chord Energy Corporation is an independent exploration and production company, which is engaged in the acquisition, exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas primarily in the Williston Basin. The Company’s operations are focused on the North Dakota and Montana areas of the Williston Basin, targeting the Middle Bakken and Three Forks formations, which are present across a substantial portion of its acreage. The Company has an average daily production of approximately 232,737 net barrels of oil equivalent per day (Boepd). It has approximately 9,011 (4,174.2 net) total gross productive wells, of which 4,824 gross (3,752.2 net) productive wells were operated by the Company. The Company sells its crude oil, NGL and natural gas production to refiners, marketers and other purchasers that have access to nearby pipeline and rail facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
