Analyst Raises Price Target on Chord Energy (CHRD)

Core Insights - Chord Energy Corporation (NASDAQ:CHRD) is recognized as one of the best crude oil stocks for dividends, highlighting its strong position in the market [1] - Mizuho has raised its price target for Chord Energy from $142 to $150, indicating a potential upside of over 65% from the current share price, while maintaining an 'Outperform' rating [3] - The company is focused on operational efficiency, aiming for 4% volume growth with $100 million less capital by 2026, and reported adjusted free cash flow of approximately $230 million in Q3 2025 [5] Company Performance - Chord Energy operates in the Williston Basin, focusing on the exploration and production of crude oil, natural gas liquids, and natural gas [2] - The company returned 69% of its adjusted free cash flow to shareholders through dividends and share repurchases, with a dividend of $1.3 per share [5] - Since merging with Enerplus in May last year, Chord has reduced its diluted shares outstanding by approximately 11% [5] Market Outlook - Despite a negative sentiment in the American oil and gas sector due to oversupply and high gas storage, analysts believe there is still 'underappreciated value' in the exploration and production segment [4] - The revised price target and ratings reflect a broader outlook for the E&P space as part of Mizuho's analysis for 2026 [4]