5 Best Russell 2000 Stocks To Buy Now

In this article, we discuss 5 best Russell 2000 stocks to buy. If you want to read our detailed discussion on the performance of the Russell 2000 index, head over to 15 Best Russell 2000 Stocks To Buy Now. 

5. Chord Energy Corporation (NASDAQ:CHRD)

Number of Hedge Fund Holders: 38

Chord Energy Corporation (NASDAQ:CHRD) is an independent exploration and production company based in Houston, Texas. The company focuses on acquiring, exploiting, developing, and exploring for crude oil, natural gas, and natural gas liquids in the Williston Basin. On May 3, Chord Energy Corporation (NASDAQ:CHRD) reported a Q1 non-GAAP EPS of $4.49 and a revenue of $896.5 million, exceeding Wall Street estimates by $0.20 and $219.81 million, respectively. It is one of the best Russell 2000 stocks to invest in. 

According to Insider Monkey’s first quarter database, 38 hedge funds were long Chord Energy Corporation (NASDAQ:CHRD), compared to 47 funds in the last quarter. Christian Zann’s Sourcerock Group is the leading stakeholder of the company, with 594,022 shares worth $80 million. 

Here is what Bernzott Capital Advisors US Small Cap Value Fund has to say about Chord Energy Corporation (NASDAQ:CHRD) in its Q3 2022 investor letter:

“Chord Energy (CHRD): Formed through the 2022 merger of Whiting Petroleum and Oasis Petroleum, the company possesses one of the largest acreages within the Williston Basin. The company’s plan to return 75% of FCF to shareholders in the form of dividends and buybacks is amongst the highest of its peer group. Synergies associated with the merger should drive further efficiencies benefitting the bottom line. The stock currently yields 3.4%.”