Geoscientist - New Ventures

POSCO International acquires Chord Energy's Marcellus gas assets for $550 million. Chord Energy has agreed to sell its entire non-operated Marcellus natural gas position to South Korea's POSCO International for $550 million. The transaction includes approximately 32,000 net acres and trailing 12-month production of roughly 121 million cubic feet per day of residue gas, with no natural gas liquids. The purchase price represents approximately six times adjusted earnings before interest, taxes, depreciation and amortization, based on gross proceeds and a Henry Hub natural gas price of $3.50 per million British thermal units. POSCO International has provided a $55 million deposit, with the remaining consideration due at closing. The transaction has an effective date of July 1, 2026, and is expected to close during the fourth quarter of 2026, subject to customary conditions. Chord inherited the Marcellus interests through its 2024 combination with Enerplus but classified them as non-core. Following the divestiture, Chord will operate as a pure-play Williston Basin producer. The company expects the sale to reduce annual capital spending by approximately $25 million, increase its oil weighting by four to five percentage points, and further strengthen its balance sheet. For POSCO International, the acquisition adds immediate, cash-generating U.S. natural gas production to an energy portfolio spanning upstream development, liquefied natural gas, terminals and power generation. It also increases the company's exposure to North American supply at a time when U.S. gas production and LNG export capacity are becoming increasingly important to global energy markets. Industry impact. The transaction reinforces the United States' position as a "safe barrel" - and, in this case, a secure molecule - supported by established infrastructure, private ownership, transparent regulation and relatively low geopolitical risk. For international buyers, U.S. oil and gas assets offer reliable production and access to expanding export markets. The deal also illustrates continued portfolio specialization, with Chord concentrating on oil-rich Williston assets while POSCO expands its gas and LNG supply platform. Sales strategy. Oilfield service companies should identify the operating partners responsible for the non-operated acreage and monitor post-closing capital plans, authorizations for expenditure and vendor requirements. Prioritize services connected to production optimization, well workovers, compression, gathering, emissions monitoring, water management and asset integrity. Position proposals around lowering operating costs, maintaining production and meeting Appalachian environmental and regulatory requirements.

Wall Street analysts have identified several stocks with significant upside potential, but fundamental analysis reveals a more nuanced picture. Genesis Energy, which operates a 64% stake in the Poseidon Pipeline in the Gulf of Mexico, faces substantial headwinds despite a 19.9% implied return. The company has posted flat sales over the past five years and carries a concerning 5× net-debt-to-EBITDA ratio, indicating overleveraging risks. In contrast, Broadridge Financial Solutions shows stronger fundamentals supporting its 22.6% price target. The financial technology firm has achieved 8.4% annual revenue growth over five years whilst expanding its free cash flow margin by 10 percentage points. Trading at 15.8× forward P/E, Broadridge processes over $10 trillion in daily trades. Chord Energy also features amongst analyst favourites with a 19% implied return, though details on its operational performance were limited. Investors should note that analyst price targets often reflect business development interests rather than purely objective analysis.

Insider selling: Chord Energy (NASDAQ:CHRD) director sells 2,200 shares of stock. August 12, 2026 Key points. * Chord Energy director Samantha Mckinney sold 2,200 shares at an average price of $136.32, generating approximately $299,904. She retained 17,030 shares, representing an 11.44% reduction in her direct ownership. * Chord Energy reported quarterly revenue of $2.17 billion, up 128.6% year over year, but earnings per share of $6.44 narrowly missed analysts' $6.55 estimate. * The company declared a quarterly dividend of $1.30, equivalent to $5.20 annually and a 3.8% yield. Analysts maintain a "Moderate Buy" consensus, with an average price target of $153.46 versus the stock's cited price of $137.58. * Five stocks we like better than Chord Energy. Chord Energy Corporation (NASDAQ:CHRD - Get Free Report) Director Samantha Mckinney sold 2,200 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $136.32, for a total transaction of $299,904.00. Following the transaction, the director directly owned 17,030 shares of the company's stock, valued at $2,321,529.60. This represents a 11.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Chord Energy stock performance. NASDAQ:CHRD traded down $1.65 during mid-day trading on Wednesday, hitting $137.58. The company's stock had a trading volume of 688,018 shares, compared to its average volume of 912,920. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 9.22 and a beta of 0.48. The business's fifty day moving average is $128.06 and its two-hundred day moving average is $126.20. Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.55 by ($0.11). The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The firm's revenue was up 128.6% on a year-over-year basis. During the same period last year, the business earned $1.79 earnings per share. Analysts anticipate that Chord Energy Corporation will post 18.5 EPS for the current fiscal year. Chord Energy announces dividend. The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.20 dividend on an annualized basis and a yield of 3.8%. Chord Energy's dividend payout ratio is presently 34.85%. Hedge funds weigh in on Chord Energy. Institutional investors have recently bought and sold shares of the company. Ninepoint Partners LP acquired a new position in shares of Chord Energy during the 2nd quarter worth $5,144,000. Foster & Motley Inc. purchased a new position in Chord Energy during the second quarter worth $695,000. Bank of New York Mellon Corp purchased a new position in Chord Energy in the 2nd quarter valued at about $66,489,000. Assenagon Asset Management S.A. purchased a new stake in Chord Energy in the 2nd quarter worth approximately $24,670,000. Finally, GAMMA Investing LLC increased its stake in Chord Energy by 14.4% in the second quarter. GAMMA Investing LLC now owns 1,618 shares of the company's stock valued at $185,000 after purchasing an additional 204 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds. Wall Street analysts forecast growth. A number of research analysts recently weighed in on the stock. Roth Capital reiterated a "buy" rating and issued a $145.00 price objective on shares of Chord Energy in a report on Wednesday, July 15th. Weiss Ratings raised shares of Chord Energy from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Tuesday. Morgan Stanley dropped their price objective on shares of Chord Energy from $175.00 to $169.00 and set an "overweight" rating for the company in a report on Monday, June 29th. Scotiabank boosted their price objective on shares of Chord Energy from $114.00 to $135.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Finally, Truist Financial lowered their price target on Chord Energy from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.46. Discover more Stock market holidays Stock split calculator About Chord Energy. Chord Energy Corporation NASDAQ: CHRD, formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision. The company's core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Chord Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chord Energy wasn't on the list. 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