Chord Energy (CHRD – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst David Deckelbaum from TD Cowen maintained a Hold rating on the stock and has a $136.00 price target.
David Deckelbaum has given his Hold rating due to a combination of factors related to Chord Energy’s recent performance and future outlook. The company exceeded fourth-quarter expectations with higher gas and NGL volumes and lower costs, which positively impacted EBITDAX. However, the pricing missed estimates slightly due to a higher crude differential, despite stronger gas and NGL realizations.
Looking forward, Chord Energy’s 2025 guidance aligns with its three-year outlook, showing consistent capex efficiency and EBITDAX estimates in line with consensus. The company’s commitment to returning capital to shareholders is evident through increased dividends and share buybacks. Despite these positives, modest inflation and higher workover assumptions in LOE guidance suggest some caution, justifying the Hold rating.
According to TipRanks, Deckelbaum is an analyst with an average return of -2.1% and a 37.29% success rate. Deckelbaum covers the Energy sector, focusing on stocks such as Diamondback, Conocophillips, and Devon Energy.