Morgan Stanley Rates Chord Energy (CHRD) buy, $169 Price Target

Morgan Stanley's analyst Devin McDermott reiterated a buy rating for Chord Energy Corporation (NasdaqGS:CHRD) on June 29, 2026, with a price target set at $169. This shows continued confidence in the energy company's prospects.

Other Institutional Activity in Chord Energy

Several major institutional investors have been active in Chord Energy. BlackRock, Inc. increased its holdings by 1,330,385 shares, bringing its total to 6,946,343 shares valued at approximately $987.6 million, a 23.7% increase. Meanwhile, FMR LLC reduced its position by 2,901,701 shares, ending with 3,880,461 shares worth about $551.7 million, marking a 42.8% decrease. Wellington Management Group LLP added 1,974,927 shares, more than doubling its holdings to 3,784,453 shares valued at $538.1 million, a 109.1% rise. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated new positions in Chord Energy, holding 2,929,503 and 2,556,981 shares respectively, valued at $416.5 million and $363.6 million. State Street Corp also increased its stake by 212,171 shares to a total of 2,412,634 shares, valued at $342.9 million, reflecting a 9.6% increase.

Chord Energy Corporation Stock Down 20.9%

Shares of Chord Energy Corporation traded near $116.59 on Monday. The company has a market capitalization of approximately $6.56 billion. Its forward P/E ratio is 7.3, indicating potential earnings growth. The stock's beta is 0.357, suggesting lower volatility compared to the market. Over the past year, the stock has seen a low of $84.25 and a high of $151.95. The 50-day moving average is $136.31, while the 200-day moving average is $111.55. The company maintains a current ratio of 1.024 and a quick ratio of 0.943, with a debt-to-equity ratio of 18.657.

Recent Earnings

Chord Energy reported revenues of approximately $5.02 billion, with a revenue growth rate of 38.5%. However, the company posted a net margin of -1.33% and a return on equity of -0.8%, indicating recent profitability challenges. The next earnings report is expected on August 5, 2026.

Dividend

Chord Energy offers an annual dividend rate of $5.20, yielding 4.46%. The dividend payout ratio is low at 7.03%, suggesting sustainable dividend payments.

Insider Buying and Selling at Chord Energy Corporation

Several insiders have been active in trading Chord Energy shares. Ian Dundas sold 72,171 shares on June 15, 2026. Darrin Henke, EVP and COO, sold 1,276 shares at an average price of $145.97 on May 15, 2026. Douglas Brooks sold a total of 8,000 shares in May at prices ranging from $136.71 to $138.57. Marguerite Woung-Chapman purchased 1,524 shares on April 29, 2026.

Analysts Set New Price Targets

On June 29, 2026, Morgan Stanley maintained its buy rating on Chord Energy with a $169 price target. Mizuho also maintained a buy rating with a $175 target on May 27, 2026. Truist Securities reiterated a buy rating on May 8, 2026, with a target of $185. The consensus among analysts is a strong buy, with a mean price target of $175.6 based on 15 opinions.

About Chord Energy

Chord Energy Corporation is an independent exploration and production company headquartered in Houston, Texas. It focuses on acquiring, exploring, developing, and producing crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers with access to pipeline and rail facilities. Chord Energy was previously known as Oasis Petroleum Inc. until it rebranded in July 2022.

Bottom Line

Chord Energy Corporation continues to attract attention from analysts and institutional investors. Morgan Stanley's reiterated buy rating with a $169 target reflects optimism about the company's future. While the company's recent earnings show some challenges, the strong analyst consensus suggests potential upside. Investors should note that 13F filings and analyst ratings are backward-looking and may not represent the latest positions or views.