It has been about a month since the last earnings report for Chord Energy Corporation (CHRD). Shares have added about 2.7% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Chord Energy Corporation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -29.36% due to these changes.
VGM Scores
Currently, Chord Energy Corporation has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Chord Energy Corporation has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
Chord Energy Corporation is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Magnolia Oil & Gas Corp (MGY), a stock from the same industry, has gained 7.9%. The company reported its results for the quarter ended March 2025 more than a month ago.
Magnolia Oil & Gas Corp reported revenues of $350.3 million in the last reported quarter, representing a year-over-year change of +9.7%. EPS of $0.55 for the same period compares with $0.49 a year ago.
For the current quarter, Magnolia Oil & Gas Corp is expected to post earnings of $0.39 per share, indicating a change of -30.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -8.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for Magnolia Oil & Gas Corp. Also, the stock has a VGM Score of C.
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Chord Energy Corporation (CHRD): Free Stock Analysis Report Magnolia Oil & Gas Corp (MGY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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