
CHRD Stock Forecast & Price Target
CHRD Analyst Ratings
Bulls say
Chord Energy is in a strong financial position due to its recent divestiture of non-operated Marcellus assets for a highly accretive price, which bodes well for Devon Energy (DVN) as they could potentially receive a similar valuation for their NEPA asset. The company's portfolio optimization plan and focus on the Williston Basin, as well as its significant scale and strong M&A track record, contribute to a positive outlook.
Bears say
Chord Energy is expected to see a decrease in production and capex for FY27 due to the divestiture of its non-operated Marcellus position, leading to a decline in estimated adj. EBITDAX and FCF. While the company holds a strong position in the Bakken, it may not be able to take advantage of a higher oil price due to the specific risks associated with being a single basin operator in terms of pipeline issues and state regulations. This presents a potentially risky outlook for CHRD, as it is highly reliant on the performance of one region.
This aggregate rating is based on analysts' research of Chord Energy Corp and is not a guaranteed prediction by Public.com or investment advice.
CHRD Analyst Forecast & Price Prediction
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