Why Is Chord Energy Corporation (CHRD) Up 2.7% Since Last Earnings Report?

Core Viewpoint - Chord Energy Corporation has experienced a 2.7% increase in share price over the past month, underperforming the S&P 500, with expectations of a potential pullback ahead of its next earnings release [1] Group 1: Earnings Estimates - Estimates for Chord Energy Corporation have trended downward over the past month, with a consensus estimate shift of -29.36% [2] - The overall direction and magnitude of estimate revisions have led to a Zacks Rank of 5 (Strong Sell) for Chord Energy Corporation, indicating expectations of below-average returns in the coming months [4] Group 2: VGM Scores - Chord Energy Corporation holds a Growth Score of B, a Momentum Score of F, and a Value Score of B, resulting in an aggregate VGM Score of B, which is relevant for investors not focused on a single strategy [3] Group 3: Industry Performance - Chord Energy Corporation is part of the Zacks Oil and Gas - Exploration and Production - United States industry, where Magnolia Oil & Gas Corp has gained 7.9% over the past month [5] - Magnolia Oil & Gas Corp reported revenues of $350.3 million for the last quarter, reflecting a year-over-year increase of +9.7%, with an EPS of $0.55 compared to $0.49 a year ago [6] - For the current quarter, Magnolia Oil & Gas Corp is expected to post earnings of $0.39 per share, indicating a year-over-year change of -30.4%, with a Zacks Consensus Estimate change of -8.3% over the last 30 days [6][7]