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Chord Energy price target lowered to $145 from $165 at RBC Capital

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Chord Energy price target lowered to $145 from $165 at RBC Capital

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Sat, Apr 12, 2025, 10:01 AM 1 min read

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RBC Capital lowered the firm’s price target on Chord Energy (CHRD) to $145 from $165 and keeps an Outperform rating on the shares. A sustained sub-$60 per barrel WTI oil price could result in modestly lower activity, though the firm expects the management to continue leaning in assertively to stock buybacks given weakness in the stock, putting shareholder returns at about 100% near-term, the analyst tells investors in a research note.

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