15 Cheap Strong Buy Stocks to Buy Now

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7. Chord Energy Corporation (NASDAQ:CHRD)

Forward P/E: 11.32

Analyst Upside: 32.16%

Number of Hedge Fund Holders: 52

Chord Energy Corporation (NASDAQ:CHRD) is one of the best cheap strong buy stocks to buy now. On August 20, UBS analyst Josh Silverstein raised the firm’s price target on Chord Energy Corporation (NASDAQ:CHRD) to $122 from $120 while keeping a Buy rating on the shares.

The firm told investors in a research note that upside potential is continually being dampened by persistent commodity headwinds.

Chord Energy Corporation (NASDAQ:CHRD) reported its fiscal Q2 2025 results on August 6, with net cash provided by operating activities and adjusted free cash flow for the quarter above expectations, attributed primarily to strong asset performance and efficient execution.

The company returned over 90% of adjusted FCF to shareholders through the base dividend of $1.30 per share and share repurchases.

Chord Energy (NASDAQ:CHRD) is an independent production and exploration company specializing in acquiring, developing, and producing natural gas liquids (NGL), natural gas, and crude oil.

Its operations are concentrated in the Montana and North Dakota areas of the Williston Basin, targeting the Three Forks and Middle Bakken formations.

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