Added to YB: 2024-10-03
Pitch date: 2024-09-30
CHRD [bullish]
Chord Energy Corporation
-19.58%
current return
Author Info
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Company Info
Chord Energy Corporation operates as an independent exploration and production company in the United States.
Market Cap
$6.2B
Pitch Price
$121.07
Price Target
221.00 (+127%)
Dividend
6.16%
EV/EBITDA
2.63
P/E
7.13
EV/Sales
1.40
Sector
Oil, Gas and Consumable Fuels
Category
value
Power Chord Energy Corporation - $CHRD
CHRD: Leading Williston Basin producer post-Enerplus merger. 13.5% FCFE yield, 7.7% dividend at $72 oil. 3x EBITDA vs 4.3x peers. Best-in-class balance sheet (0.1x leverage). 75% FCF returned to shareholders. Takeover target. Base case: $221/share (+69%), 25.8% IRR over 3 years.
Read full article (21 min)