Chord Energy falls after naming insider Lou as CEO

Chord Energy

Mon 14:00

** Chord Energy CHRD.O shares fall nearly 2% to $151.94 premarket
** Co appoints insider Michael Lou as CEO, effective immediately
** Lou succeeds Danny Brown, who is stepping down to join natural gas producer Expand Energy EXE.O as CEO, effective October 26
** Lou most recently served as chief strategy officer and chief commercial officer for co
** Brown is taking over from Michael Wichterich, who has been serving as CEO of Expand Energy since February
** 17 of 20 brokerages rate the stock "buy" or above, 3 "hold"; median PT - $176.50 — data compiled by LSEG
** As of last close, stock had risen 66.7% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))