Wall Street Analysts Just Trimmed Price Targets for These 5 Stocks

03. Chord Energy Corporation (NASDAQ:CHRD)

Price Reaction after the Price Target Cut: +1.09 (+0.65%)

On January 3, Mizuho Securities adjusted its price target for Chord Energy Corporation (NASDAQ:CHRD), a significant player in the energy industry, lowering it from $197.00 to $188.00 while maintaining a Buy rating on the shares. This strategic decision by Mizuho is part of their continuous evaluation of market dynamics within the energy sector. Despite the reduction, the sustained Buy rating underscores Mizuho’s positive outlook on Chord Energy Corporation (NASDAQ:CHRD) potential performance in the market. The recorded price change of +0.65% indicates the market’s response following Mizuho’s adjustment.

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%.”