Piper Sandler Lifts Chord Energy (CHRD) Target as War Risk Clouds Global Oil Supply

Chord Energy Corporation (NASDAQ:CHRD) is included among the 15 Best Stocks to Buy Now for Passive Income.

On March 5, Piper Sandler expert Mark Lear raised the firm’s terms proposal connected Chord Energy Corporation (NASDAQ:CHRD) to $158 from $151. The expert reiterated an Overweight standing connected the shares. The steadfast said the rotation commercialized gained momentum this week arsenic the warfare with Iran enactment astir 20% of planetary oil, product, and state proviso astatine risk. While the struggle has overshadowed fourth-quarter results and fiscal 2026 outlooks, Piper Sandler expects small alteration from U.S. operators pursuing the developments.

During the Q4 2025 net call, CEO Daniel Brown said Chord Energy Corporation has returned astir $6.7 cardinal to shareholders. Speaking astir fourth-quarter performance, Brown said lipid accumulation landed astatine the precocious extremity of the company’s guidance. Capital spending, connected the different hand, finished beneath the debased extremity of the expected range. He credited disciplined outgo absorption for the outcome. The institution generated astir $175 cardinal successful adjusted escaped currency travel during the quarter, which helium said came successful good supra expectations.

Looking ahead, Brown said the company’s 2026 program remains successful enactment with the preliminary outlook shared successful November. The strategy focuses connected maintaining small to nary lipid accumulation growth, with mean output expected to scope betwixt 157,000 and 161,000 barrels per day. The program includes superior spending of astir $1.4 billion.

Brown besides said that, assuming benchmark prices of $64 per tube of lipid and $3.75 per MMBtu of earthy gas, the institution expects to make astir $700 cardinal successful escaped currency travel successful 2026.

Chord Energy Corporation (NASDAQ:CHRD) is an autarkic exploration and accumulation institution engaged successful the acquisition, exploration, development, and accumulation of crude oil, earthy state liquids (NGL), and earthy gas, chiefly successful the Williston Basin.

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