UBS Raises Chord Energy Corporation (CHRD) Price Target to $142

Chord Energy Corporation (NASDAQ:CHRD) is among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

UBS Raises Chord Energy Corporation (CHRD) Price Target to $142

With its premier acreage position in the Williston Basin, Chord Energy Corporation (NASDAQ:CHRD) engages in the exploration and production of crude oil, natural gas liquids, and natural gas.

On March 5, UBS upped its price target on Chord Energy Corporation (NASDAQ:CHRD) from $119 to $142, while keeping its ‘Buy’ rating on the shares. The revised target, which indicates an upside of over 17% from the current share price, reflects a $10 per barrel increase in 2026 oil price assumptions to $68 WTI and $72 Brent. Moreover, the crude oil price has received further support from the ongoing tensions in the Middle East.

UBS believes that the markets have underpriced the impact of a prolonged Iran conflict. The supply disruptions in the Strait of Hormuz and the suspension of LNG exports from Qatar could significantly raise global energy prices and drive a strong free cash flow upside for companies like Chord, which produce both oil and gas.

Chord Energy Corporation (NASDAQ:CHRD) was also recently included in our list of the 12 Best Crude Oil Stocks to Buy as Tensions Rise.

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