CHRD, US6742152076

Mizuho raises target for Chord Energy stock from USD 175.00 to USD 179.00

Published on 10/05/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mizuho raises its target to USD 179.00 on October 5, 2026. Chord Energy stock costs EUR 121.05, 0.57 percent below EUR 121.75.

CHRD, US6742152076, Illustration mit AI erstellt.

Mizuho raised its price target for Chord Energy stock from USD 175.00 to USD 179.00 on October 5, 2026, according to Investing.com. The Outperform rating was maintained as the analyst assessed the recent asset sale as supportive of Chord's valuation.

Marcellus sale reshapes the portfolio

Chord Energy announced on September 16, 2026, that it agreed to sell its entire non-operated Marcellus position to POSCO International for USD 550.00 million, according to its Chord Energy release. The transaction is expected to close in the fourth quarter of 2026 and carries a 6x adjusted EBITDA valuation based on the stated proceeds and Henry Hub assumption.

The release says the divestiture will leave Chord focused exclusively on the Williston Basin. It also says the company received a USD 55.00 million deposit, while the remaining consideration is payable at closing, giving the transaction a defined near-term cash component.

Second-quarter cash flow supports returns

For the second quarter of 2026, adjusted earnings reached USD 6.44 per share, up 259.80 percent from USD 1.79 a year earlier, while quarterly revenue rose 57.20 percent to USD 1.50 billion from USD 950.30 million, Zacks reported. The adjusted earnings figure missed the consensus estimate of USD 6.68, while revenue exceeded the USD 1.40 billion estimate.

Operating cash flow reached USD 1.12 billion in the second quarter of 2026, compared with USD 419.80 million in the year-ago quarter. Adjusted free cash flow was USD 413.40 million, up from USD 140.80 million, giving the company room to combine asset sales with shareholder returns.

EUR price stays below prior close

Chord Energy was trading at EUR 121.05 at Lang & Schwarz on October 5, 2026, at 1:42 p.m. CEST, down 0.57 percent versus the prior close of EUR 121.75 on October 2, 2026.