UBS Keeps a Buy Rating on Chord Energy (CHRD), Lifts PT to $122

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.

We recently published a list of Top 10 Oil & Gas E&P Stocks Outperforming Despite Sinking Oil Prices. In this article, we are going to take a look at where Chord Energy Corporation (CHRD) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices. Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay! Inflation resulting from these tariffs threatens to send the country’s economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world. Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times. To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion. Chord Energy Corporation (NASDAQ:CHRD) Chord Energy Corporation is an independent production and exploration company. It engages in the exploration, development, production, and acquisition of natural gas, natural gas liquids, and crude oil. The company supplies its products to marketers, refiners, and other purchasers. The company’s stock is up 6.52% in the last one week of trading. The firm is expected to generate revenues worth $3.763 billion in 2025. CHRD is projected to produce approximately 271,500 Barrels of Oil Equivalent Per Day (boepd) in 2025. It also actively repurchases shares to show its commitment to shareholders’ returns. In Q1 2025, the company bought back 2 million shares for $216.5 million. According to 20 different analyst ratings, the company has a highest target price of $186, which means the price could potentially more than double from the current levels if the bull thesis proves accurate. The stock is currently trading at $94.29, which is still below the lowest Wall Street price target of $106. Despite gaining upward momentum, the current share price presents an attractive buying opportunity to benefit from the potential upside in the future. Overall, CHRD ranks 3rd on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. While we acknowledge the potential of CHRD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than CHRD  but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

A technician in a lab coat examining a sample of crude oil.

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.

While we acknowledge the potential of CHRD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CHRD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.