Chord Energy price target lowered to $130 from $145 at RBC Capital

RBC Capital lowered the firm’s price target on Chord Energy (CHRD) to $130 from $145 and keeps an Outperform rating on the shares. The firm is revising its model to reflect its revisions on commodity prices, with RBC’s WTI outlook having decreased to $62.25/barrel in 2025 from $64.19 and $52.50/barrel in 2026 from $57.12, the analyst tells investors in a research note. RBC’s Henry Hub outlook decreased to $3.84/Mcf in 2025 from $4.12 Mcf but increases to $4.00/Mcf in 2026 from $3.87/Mcf, which reflect expectations for improving balances due to increasing LNG exports and more moderate associated gas growth.