- CHRD -2.36%
Chord Energy Corporation (NASDAQ:CHRD) is included among the 14 Best Up and Coming Dividend Stocks to Buy.
Morgan Stanley Keeps Chord Energy (CHRD) Neutral Following Q3 Results Image by Steve Buissinne from Pixabay
On November 20, Morgan Stanley analyst Devin McDermott lowered the price target on Chord Energy Corporation (NASDAQ:CHRD) to $123 from $128 while maintaining an Equal Weight rating, according to a report by The Fly. The update reflects revised 2025 guidance and preliminary 2026 expectations for North American energy stocks. The firm continues to favor gas over oil investments.
In the third quarter of 2025, Chord Energy Corporation (NASDAQ:CHRD) reported revenue of $1.31 billion, down 9.5% from the same period last year but exceeding analysts’ estimates by $238.4 million. Adjusted free cash flow totaled roughly $230 million, with 69% returned to shareholders. After paying a base dividend of $1.30 per share, all remaining capital was used for share repurchases. Since completing its combination with Enerplus last year, Chord has reduced diluted shares outstanding by about 11%.
Chord Energy Corporation (NASDAQ:CHRD) also completed the XTO transaction on October 31, which led to an upward revision of fourth-quarter production guidance by 4,000 barrels of oil per day and an additional $15 million in full-year 2025 capital to support higher maintenance production levels for 2026.
Chord Energy Corporation (NASDAQ:CHRD) is an independent exploration and production company focused on high-quality, long-lived assets, primarily in the Williston Basin.
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