9 Most Oversold Strong Buy-Rated Stocks to Invest In Now

7. Chord Energy Corporation (NASDAQ:CHRD)

On June 29, 2026, Morgan Stanley lowered its price target on Chord Energy Corporation (NASDAQ:CHRD) to $169 from $175 and kept an Overweight rating. Morgan Stanley noted that oil prices have declined since the U.S. and Iran announced a memorandum of understanding on June 14, with WTI now only slightly above pre-conflict levels. The firm refreshed its estimates for the latest energy prices.

Towards the end of May, Mizuho raised its price target on Chord Energy to $175 from $164 and kept an Outperform rating. Mizuho expects the impact of the Iran crisis on global oil prices and refining cracks to be prolonged. The firm raised its 2026 and 2027 oil price outlook by 25% and 6%, respectively, while lifting its forecast for U.S. refining cracks by 61% and 51%. Mizuho said a pullback in stock valuations despite elevated commodity prices creates an opportunity to seek “alpha” in U.S. oil and gas.

Earlier in May, Truist lowered its price target on Chord Energy to $185 from $187 and kept a Buy rating as part of a broader note on E&P names. Truist updated its models after Q1 results, with key themes centered on the pace of activity. The firm said companies are more than happy to keep activity levels as is and benefit from higher prices and efficiency gains.

Chord Energy Corporation (NASDAQ:CHRD) is an independent exploration and production company focused on crude oil, natural gas, and natural gas liquids in the Williston Basin.