UBS raised the firm’s price target on Chord Energy (CHRD) to $130 from $122 and keeps a Buy rating on the shares. Chord’s $550M acquisition of Williston assets from Exxon Mobil (XOM) is strategic, given the ability to further scale Chord’s move to 3- and 4-mile laterals, the analyst tells investors in a research note.
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Read More on CHRD:
- Chord Energy price target raised to $169 from $166 at Piper Sandler
- Chord Energy to acquire Williston Basin assets for $550M in cash
- Chord Energy price target lowered to $142 from $152 at Mizuho
- Chord Energy price target raised to $122 from $120 at UBS
- Chord Energy price target raised to $166 from $164 at Piper Sandler