TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including IBM and Morgan Stanley.
), an oil and gas operator with assets in the Williston Basin. The company rewards shareholders through a quarterly base dividend, a variable dividend and share buybacks., including a variable dividend of $1.97 per share.sees the possibility of the company exceeding its 75% minimum shareholder payout if excess cash builds and no other accretive acquisition opportunities arise. Hanold expects Chord to declare a variable dividend of $0.
Ahead of the upcoming results, Hanold lowered his Q2 2023 earnings per share and cash flow per share estimates due to lower benchmark commodity prices, wider price differentials, and lower production. He also reduced his price target for CHRD to $180 from $185 to reflect his new commodity price forecast.
Nonetheless, Hanold is bullish on CHRD and reiterated a buy rating on the stock, saying, "The company's balance sheet is strong and leverage is de-minimis, providing the opportunity to allocate a significant portion of FCF to shareholder returns." Hanold, who ranks 43rd out of more than 8,500 on Tipranks, has a success rate of 63% and each of his ratings has returned 21.4%, on average. (See
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Intel offers a ‘breath of fresh air,’ but Wall Street still has concerns about the stockIntel's latest earnings — and the market's reaction to them — are a study in relativity.
Consulte Mais informação »
Wall Street rallies on soft landing hopes, chip stocks gains By Reuters⚠️BREAKING: *WALL STREET RALLIES TO END THE WEEK AS SOFT LANDING HOPES GROW; NASDAQ JUMPS 2% $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Consulte Mais informação »
Wall Street ends week higher on US soft landing hopesAll three major U.S. indexes ended the week with gains, after a slew of Big Tech earnings, economic data and central bank announcements boosted investor confidence in a soft landing for the U.S. economy.
Consulte Mais informação »
Wall Street ends week higher on US soft landing hopes By Reuters*WALL STREET ENDS WEEK HIGHER AS COOLING INFLATION, STRONG EARNINGS FUEL SOFT LANDING HOPES $DIA $SPY $QQQ 🇺🇸 🇺🇸
Consulte Mais informação »
Wall Street Is Grappling With Crypto’s Trillion-Dollar Custody QuestionWall Street activity in the battle to provide custody services for the more than trillion-dollar digital-asset market is heating up rapidly, and in surprising ways, turning what would typically be considered a sleepy area of finance into one of the most lively sectors.
Consulte Mais informação »
Wall Street Braces for the Great Loan Tightening: Credit WeeklyThe great credit tightening is finally approaching on both sides of the Atlantic, if the latest surveys of bankers are anything to go by.
Consulte Mais informação »