How to Buy Chord Energy Stock
Chord Energy Corp
Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin.
Chord Energy stock last closed at $134.70, up 2.93% from the previous day, and has decreased 14.9% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.29 percentage points. Chord Energy stock is currently +6.09% from its 52-week low of $126.97, and -29.19% from its 52-week high of $190.23.
As of Oct 3, 2024, there are 61.88M CHRD shares outstanding. The market capitalization of CHRD is $8.34B. In the last 24 hours, 814,163 CHRD shares were traded.
How to Buy Chord Energy Stock
Wondering how to invest in Chord Energy stock? Here's how.
- Choose where to buy Chord Energy stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Chord Energy stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your information.
- Analyze Chord Energy stock: The Chord Energy ticker symbol is CHRD. Is Chord Energy stock a good investment? Should you buy shares of CHRD? How do CHRD's underlying business fundamentals look? Do top analysts think Chord Energy is a good buy? Why has CHRD's stock price moved recently? (Hint: Our stock analysis website can help you decide if CHRD is a good stock to buy).
- Execute your CHRD buy order: Decide if you will purchase CHRD shares at the current market price or use a limit order to buy CHRD shares at a particular price.
- Get key alerts regarding your CHRD position: Create a watchlist to get the latest news on your new investment in Chord Energy stock.
Step 1: Choose where to buy Chord Energy stock
You will need an online brokerage account to access the NASDAQ market and buy CHRD stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to buy CHRD today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit money your brokerage account
Now that you've opened your account on one of the most highly reviewed stock market apps, you need to deposit funds:
Check out the video below to see the process of transferring money into your new investment account.
Step 4: Analyze Chord Energy stock
After you have selected the best place to buy Chord Energy stock, it's crucial to research their stock before you invest, so you truly comprehend the risk and upside.
Chord Energy Numbers
Fundamentals of CHRD
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on CHRD's stock page.
Is CHRD stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CHRD's intrinsic value.
Using relative valuations methods:
- CHRD could be undervalued based on its P/E ratio of 6.27x, relative to Oil & Gas E&P industry P/E ratio of 7.72x
- CHRD may be undervalued based on its P/B ratio of 0.94x, relative to Oil & Gas E&P industry P/B ratio of 1.86x
You can do more valuation analysis on CHRD's stock here.
CHRD Financial Summary
Passed Financial Due Diligence Checks:
- CHRD earnings of $1.25B is not sufficient to cover its interest payments.
- CHRD's operating cash flow of $1.81B allows it to safely service it's debt of $1.10B.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the CHRD balance sheet.
- There are more short-term liabilities than short-term assets on the CHRD balance sheet.
- CHRD profit margin has gone down from 44.2% to 20.8% in the past year.
- CHRD has a relatively high debt to equity ratio of 0.49.
Is CHRD stock a Buy, Hold, or Sell, according to analysts?
Out of 8 Equities analysts who give forecasts on CHRD, the consensus analyst rating on Chord Energy is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Latest CHRD Analyst Upgrades/Downgrades
Mark Lear, a top 7% analyst from Piper Sandler maintains CHRD with a strong buy rating and lowers their CHRD price target from $234.00 to $206.00, on Aug 15, 2024.
Paul Diamond, a bottom 25% analyst from Citigroup maintains CHRD with a strong buy rating and lowers their CHRD price target from $195.00 to $180.00, on Aug 12, 2024.
Nitin Kumar, a top 3% analyst from Mizuho maintains CHRD with a strong buy rating and raises their CHRD price target from $195.00 to $214.00, on May 13, 2024.
Mizuho's Nitin Kumar raised their price target on Chord Energy (NASDAQ: CHRD) by 9.7% from $195 to $214 on 2024/05/13. The analyst maintained their Strong Buy rating on the stock.
Kumar's price target move came in a post-reporting season review of names in their Energy (Gas & Oil E&P) portfolio.
Mizuho updated its commodity price forecast through 2026, as well as increasing net asset value-based price targets by 7%, the analyst told readers.
Their firm sees strength in global oil prices in the near term because of higher non-OECD demand and more modest supply gains but is maintaining a $75 per barrel midcycle Brent outlook long term, Kumar detailed.
You can dig deeper into what analysts are saying on the Chord Energy stock forecast page.
CHRD Technicals
CHRD Revenue
Last year, CHRD earnings were $923.42M. In the past 2 year, CHRD's earnings have increased by -31.31% per year. This was slower than the Oil & Gas E&P industry average of 6.54%.
Last year, CHRD revenue was $4.43B. During the past two year, CHRD's revenue has grown by 37.86% per year. This was faster than the Oil & Gas E&P industry average of 12.28%.
You can research CHRD's earnings and revenue performance here.
Who is buying/selling CHRD?
In the past 12 months, executives and large shareholders at CHRD have sold more shares than they have bought.
Douglas E. Brooks, Director of CHRD, was the latest CHRD insider to sell. They sold $286.36 worth of CHRD shares on Sep 10, 2024.
Research more about who owns CHRD stock here.
Does CHRD provide a stable income stream?
No, Chord Energy doesn't provide an income stream by paying out dividends.
CHRD Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your CHRD buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Press the Open Trade button and your broker will place the order.
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Step 6: Get key alerts regarding your CHRD position
Now that you own some CHRD shares, you'll want to stay up-to-date on your new company.
Make a watchlist to track the most important metrics related to your CHRD stock.
CHRD Feed
How to Buy Stock in Chord Energy
To reiterate, here are the 6 steps to buy Chord Energy stock:
- Choose where to buy Chord Energy stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Chord Energy stock
- Execute your CHRD buy order
- Get key alerts regarding your CHRD position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Chord Energy, hit the button below to create your watchlist.
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