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Stock impact report

Chord Energy (CHRD) Price Target Reduced by $6 [Yahoo! Finance]

Chord Energy Corporation (CHRD) 
Company Research Source: Yahoo! Finance
With its premier acreage position in the Williston Basin, Chord Energy Corporation (NASDAQ:CHRD) engages in the exploration and production of crude oil, natural gas liquids, and natural gas. On January 16, Scotiabank analyst Paul Cheng reduced the firm's price target on Chord Energy Corporation (NASDAQ:CHRD) from $120 to $114, but maintained a ‘Sector Perform' rating on the shares. The adjustment comes as the analyst firm revised its price targets for the American Integrated Oil, Refining, and Large Cap E&P stocks under its coverage. Scotiabank expects earnings for the quarter to be straightforward due to no major weather disruptions this winter. Similarly, on January 17, Jefferies slightly lowered its price target on Chord Energy Corporation (NASDAQ:CHRD) from $101 to $99, while keeping a ‘Hold' rating on the shares. The revised target, which still indicates an upside of almost 8% from the current levels, comes as part of the firm's preview of Q4 earnings. The analyst expects th Show less Read more
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