Citi Downgrades Chord Energy (CHRD) as Oil and Gas Macro Risks Take Center Stage

Chord Energy Corporation (NASDAQ:CHRD) is included among the 14 Best Mid-Cap Dividend Stocks to Buy Now.

On January 14, Citi downgraded Chord Energy Corporation (NASDAQ:CHRD) to Neutral from Buy and lowered its terms people to $97 from $105. The steadfast said the market’s attraction has started to displacement distant from Chord’s execution-driven story, peculiarly its advancement connected longer laterals, and much toward broader macro worries crossed the full lipid and state space. Citi added that it inactive sees the champion risk/reward successful small- to mid-cap lipid E&Ps, particularly those that tin connection double-digit yields adjacent astatine astir $60 WTI, with further catalysts inactive ahead.

Separately, earlier successful 2025, Chord announced a $550 cardinal woody to bargain Williston Basin assets from Exxon Mobil’s XTO Energy unit. The Williston Basin spans parts of North Dakota, Montana, and Canada and remains 1 of the astir important shale lipid and state regions successful the U.S., anchored by the Bakken formation.

Chord said the acquisition includes 48,000 nett acres successful the halfway of the Williston. The institution expects near-term output from the assets to tally astir 9 cardinal barrels of lipid equivalent per day, with accumulation heavy weighted toward oil. It besides highlighted that the assets person a debased diminution illustration and meaningful upside potential, including opportunities to amended margins connected existing wells. Management expects the woody to beryllium accretive to currency flow, escaped currency flow, and nett plus value, and said it plans to money the acquisition utilizing a premix of currency connected manus and borrowings.

Chord Energy Corporation (NASDAQ:CHRD) is an autarkic exploration and accumulation institution focused chiefly connected crude oil, NGLs, and earthy state accumulation successful the Williston Basin.

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