15 Best Stocks to Buy Now for Passive Income

11. Chord Energy Corporation (NASDAQ:CHRD)

Dividend Yield as of March 5: 4.36%

On March 5, Piper Sandler analyst Mark Lear raised the firm’s price recommendation on Chord Energy Corporation (NASDAQ:CHRD) to $158 from $151. The analyst reiterated an Overweight rating on the shares. The firm said the rotation trade gained momentum this week as the war with Iran put about 20% of global oil, product, and gas supply at risk. While the conflict has overshadowed fourth-quarter results and fiscal 2026 outlooks, Piper Sandler expects little change from U.S. operators following the developments.

During the Q4 2025 earnings call, CEO Daniel Brown said Chord Energy Corporation has returned about $6.7 billion to shareholders. Speaking about fourth-quarter performance, Brown said oil production landed at the high end of the company’s guidance. Capital spending, on the other hand, finished below the low end of the expected range. He credited disciplined cost management for the outcome. The company generated about $175 million in adjusted free cash flow during the quarter, which he said came in well above expectations.

Looking ahead, Brown said the company’s 2026 plan remains in line with the preliminary outlook shared in November. The strategy focuses on maintaining little to no oil production growth, with average output expected to range between 157,000 and 161,000 barrels per day. The plan includes capital spending of about $1.4 billion.

Brown also said that, assuming benchmark prices of $64 per barrel of oil and $3.75 per MMBtu of natural gas, the company expects to generate roughly $700 million in free cash flow in 2026.

Chord Energy Corporation (NASDAQ:CHRD) is an independent exploration and production company engaged in the acquisition, exploration, development, and production of crude oil, natural gas liquids (NGL), and natural gas, primarily in the Williston Basin.