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

Chord Energy

02/11/2023 19:56

* Chord Energy Corp  CHRD.OQ  reported quarterly adjusted
earnings
of $5.04​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $7.20.  The mean expectation of eleven analysts for the
quarter was for earnings of $4.97 per share. Wall Street
expected results to range from $4.12  to $5.37 per share.
    * Revenue fell 5.5% to $1.12 billion from a year ago;
analysts
expected $822.53 million. 
    * Chord Energy Corp's reported EPS for the quarter was
$4.77​.
    * The company reported quarterly net income of $209.08
million.
    * Chord Energy Corp shares had risen by 2.0% this
quarter and
gained 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 10 "strong buy" or "buy," 1
"hold" and no "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 $185.00 
This summary was machine generated from LSEG data November 2 at
07:55 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      4.97           5.04           Beat
 Jun. 30 2023      3.83           3.65           Missed
 Mar. 31 2023      4.29           6.13           Beat
 Dec. 31 2022      6.09           5.28           Missed