Chord Energy Corp reports results for the quarter ended in December - Earnings Summary

Chord Energy

23/02/2024 15:28

* Chord Energy Corp  CHRD.OQ  reported quarterly adjusted
earnings
of $5.25​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $5.28.  The mean expectation of twelve analysts for the
quarter was for earnings of $4.97 per share. Wall Street
expected results to range from $4.67  to $5.42 per share.
    * Revenue fell 5% to $964.69 million from a year ago;
analysts
expected $868.68 million. 
    * Chord Energy Corp's reported EPS for the quarter was
$6.93​.
    * The company reported quarterly net income of $301.63
million.
    * Chord Energy Corp shares had fallen by 2.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Chord Energy Corp
is $178.00 
This summary was machine generated from LSEG data February 23 at
03:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      4.97           5.25           Beat
 Sep. 30 2023      4.97           5.04           Beat
 Jun. 30 2023      3.83           3.65           Missed
 Mar. 31 2023      4.29           6.13           Beat