COM - Chord Energy: Synergies Expected High FCF Yield Remains Attractive
2024-07-17 23:19:26 ET
Summary
- Chord Energy engaged in M&A to boost efficiencies and profits, but WTI crude oil prices have outperformed Energy-sector equities this year.
- CHRD reported strong Q2 earnings, with a low P/E ratio and high free cash flow yield making the stock attractive.
- CHRD's EPS is expected to grow 16% this year, with a potential for a low-teens P/E ratio if EPS growth increases to high-single digits.
- I highlight key price levels to watch ahead of earnings at the end of the month.
Chord Energy ( CHRD ) is one of so many oil and gas exploration & production companies that have recently engaged in M&A to hopefully boost efficiencies, drilling, and ultimately profits. So far this year, though, WTI crude oil prices have outperformed Energy-sector equities for the most part. ...
Chord Energy: Synergies Expected, High FCF Yield Remains Attractive