BMO Capital on Chord Energy Corp (CHRD): 'Steady as She Goes Amid Turbulent Macro'

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."

For an analyst ratings summary and ratings history on Chord Energy Corp click here. For more ratings news on Chord Energy Corp click here.

Shares of Chord Energy Corp closed at $116.59 yesterday.

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