This summary was created by AI, based on 6 opinions in the last 12 months.
Experts are bullish on Chord Energy Corp. They are expecting significant upside potential at $80 oil price. The company is debt-free, has a strong management team, and is rewarding shareholders with high free cash flow yields. Chord Energy Corp also presents good long-term opportunities for shale investors in the USA.
Likes it, owns a little. Trades at 3.5x cashflow, big enough scale. Good capital appreciation prospects.
He's been buying, now a full position of 4%. Returning 75% of free cashflow via buybacks. Report by Raymond James says it has the deepest inventory in the area of any producer. Ability to drive rerating over time. Target $243, 37% upside modestly, probably closer to 50% upside.
They recently bought Enerplus and remains a pure play on North Dakota. His favourite US name, though prefers Canadian oil. A good $14 free cash flow yield, but there are better opportunities.
ERF is being bought by a North Dakota producer, Chord Energy Management. He's bullish oil. Using an $80 per barrel baseline, CHRD next year (after they absorb Enerplus) should trade at 3.4x cash flow and 14% free cash flow yield (vs. most names at 7-8%). At a 5x multiple next year, CHRD would trade at $253 price target or 42% upside.
Recently re-established a small position, about 3%. Paying 75% of free cashflow to shareholders, debt free, significant discount to US peers. Big enough to attract institutional investors once the sentiment tide turns to energy. 50% upside at $80 oil.
Pure play USA Bakken company. Good US option. Returning 75% of cash flow to investors. Strong management team. Better opportunities in Canada. Expecting 50% upside at $80 oil.
Has since sold shares due to strength in share price.
Sees better upside in Enerplus.
Likes company - expecting ~50% upside.
Quality company over all.
Good for long term shale investors in USA.
Made money and sold for a name with better quality and inventory depth. He does still own some in an income fund. CHRD is doing everything it should. See his Top Picks for a name with better upside relative to risk.
His only US name. Trades at a parity valuation with Canadian names. Very economic with 10 years of Bakken inventory. Rewarding shareholders with 75% of free cashflow. Lots of upside with increased price of oil.
US Bakken name with 10+ years of inventory.
Committed to return 75% of free cash flow to investors.
Will most likely see higher returns to shareholders in the form of dividends and share buybacks.
Expecting a double in share price.
Excellent fundamentals going forward.
Only US holding.
Consolidator of Bakken assets in USA & Canada.
Trading at 1.8x cash flow @ $100 oil.
Currently trading at 19% free cash yield @ $80 oil.
Has committed to returning 75% of free cash flow yield.
Chord Energy Corp is a American stock, trading under the symbol CHRD-Q on the NASDAQ (CHRD). It is usually referred to as NASDAQ:CHRD or CHRD-Q
In the last year, 7 stock analysts published opinions about CHRD-Q. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chord Energy Corp.
Chord Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Chord Energy Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
7 stock analysts on Stockchase covered Chord Energy Corp In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Chord Energy Corp (CHRD-Q) stock closed at a price of $133.71.
Owns shares in energy income fund. Strong dividend yield that is sustainable. Excellent inventory, with good shale exposure. Premium pricing in North Dakota. Better names for capital appreciation, but a quality name. Would recommend for income investors.