RBC Capital Reiterates Its ‘Outperform’ Rating on Chord Energy Corporation (CHRD) with a Price Target of $130.00

Core Insights - Chord Energy Corporation (NASDAQ:CHRD) is recognized as one of the best retirement stocks to buy according to analysts [1] - RBC Capital has reiterated its 'Outperform' rating on Chord Energy with a price target of $130.00 [2] - The bullish outlook is driven by a recent acquisition, which is expected to enhance share price through improved drilling inventory [3] Acquisition and Growth Potential - The recent acquisition unlocks new development opportunities in a core area with limited prior drilling activity [4] - RBC Capital anticipates that Chord Energy will utilize longer lateral drilling techniques on the new acreage to enhance economic returns [4] - The company plans to allocate over 50% of its free cash flow to shareholder returns until its leverage ratio falls below 0.5x [4] Company Overview - Chord Energy is an independent exploration and production company focused on crude oil, natural gas, and natural gas liquids in the Williston Basin [5]