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Investing.com - UBS has reiterated its Buy rating and $130.00 price target on Chord Energy Corp (NASDAQ:CHRD) ahead of the company’s third-quarter 2025 results, due October 29. According to InvestingPro data, analysts maintain a strong buy consensus with targets ranging from $104 to $167, suggesting significant upside potential.
The investment firm expects a positive operations update regarding Chord Energy’s 4-miler execution as the company accelerates its long lateral drilling plans for 2026 and beyond.
UBS noted that Chord Energy has been one of the biggest recent laggards in its coverage, with shares down 17% over the past three months, attributing this decline to implied light guidance versus Street expectations for Q4 2025 and weaker oil prices.
Despite these challenges, UBS believes the capital efficiency benefits from long laterals, combined with Chord Energy’s top-tier balance sheet, position the company as a relative winner in a low price environment.
The firm suggests that an initial look at Chord Energy’s 2026 plan may provide an early demonstration of further capital efficiency gains expected from the company’s long lateral drilling strategy.
In other recent news, Chord Energy Corp has completed a $750 million senior notes offering, which will support its acquisition of assets from XTO Energy in the Williston Basin. The 6.000% senior unsecured notes, due in 2030, will be used to finance the acquisition, cover related costs, and repay borrowings under the company’s credit facility. In preparation for this acquisition, Piper Sandler adjusted its price target for Chord Energy to $167 while maintaining an Overweight rating. Meanwhile, RBC Capital reiterated its Outperform rating with a $130 price target, highlighting the acquisition’s potential to enhance Chord Energy’s drilling inventory. BofA Securities also raised its price target to $123, noting the strategic value of the $550 million acquisition from XTO Energy. The acquisition is expected to close by the end of 2025. This series of financial maneuvers and analyst assessments underscores Chord Energy’s strategic efforts to expand its asset base and drilling capabilities.
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