BMO Capital analyst Phillip Jungwirth reiterated an Outperform rating and $170.00 price target on Chord Energy Corp (NASDAQ: CHRD).

The analyst commented: "Steady as She Goes Amid Turbulent Macro; We update estimates following a catch-up with the company and mark-to-market. Our 2Q revisions primarily reflect lower prices, with production/costs in line with guidance. Management highlighted improved base performance and cycle times, which led to increasing FY26 oil guidance from 159MBbl/d to 161MBbl/d last quarter. Chord continues to progress on its 4-mile laterals, targeting it to be 50% of TILs in the coming years. At strip, we see ~$1.2Bn of FCF in 2026 and leverage below 0.5x post-2Q, enabling a stepup to a 75% return framework."

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Shares of Chord Energy Corp closed at $116.59 yesterday.