Chord Energy (CHRD) Stock Receives $218 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • The shares of Chord Energy (CHRD) recently received a $218 price target. These are the details.

The shares of Chord Energy (CHRD) recently received a $218 price target.

Price target: $218

Rating: Overweight

Analyst firm: Piper Sandler

Piper Sandler analysts adjusted the rating after updating exploration and production models and fiscal 2023 outlooks following the third quarter results. And while the group has stuck with disciplined allocation and continues to prioritize capital return, increased service costs are driving incremental capital expenditures in the fourth quarter and next year.