Morgan Stanley initiated coverage of Chord Energy (CHRD) with an Equal Weight rating and $158 price target amid a broader research note on the North American E&Ps. The expansion of the three-mile lateral program and simul-frac utilization on the legacy acreage present opportunities for further efficiency gains, the analyst tells investors in a research note. Additionally, Chord’s strong balance sheet supports strategic flexibility.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRD:
- 3 Best Stocks to Buy Now, 1/3/2025, According to Top Analysts
- Closing Bell Movers: Resources Connection gains 5% on earnings
- Wolfe upgrades Chord Energy to Outperform on operational improvements
- Chord Energy upgraded to Outperform from Peer Perform at Wolfe Research
- Chord Energy price target lowered to $194 from $212 at Piper Sandler