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Investing.com - TD Cowen has reiterated its Hold rating and $105.00 price target on Chord Energy Corp (NASDAQ:CHRD), a company with a market capitalization of $5.8 billion, following the company’s announcement of a bolt-on acquisition. According to InvestingPro analysis, the stock appears undervalued at current levels.
Chord Energy has agreed to a $550 million transaction to acquire assets from XTO Energy, a subsidiary of Exxon Mobil. The company plans to fund the acquisition entirely through available cash and debt, which appears manageable given its moderate debt levels and healthy 52.9% gross margin.
The transaction is expected to expand Chord Energy’s inventory by approximately one year in core areas, with the valuation indicating premium locations and growing market scarcity.
TD Cowen noted that the deal should be well received by investors due to its accretive nature to Chord’s existing operations.
The firm expressed that investors would likely continue to approve of Chord Energy’s single-basin bolt-on approach, which it believes prolongs optimal well productivity for the company.
In other recent news, Chord Energy Corporation has reported mixed financial results for the second quarter of 2025. The company posted an earnings per share (EPS) of $1.79, which was below the forecasted $1.94, representing a 7.73% negative surprise. However, Chord Energy’s revenue exceeded expectations, coming in at $1.18 billion compared to the anticipated $1.05 billion, a 12.38% positive difference. In addition to its earnings report, Chord Energy announced a significant acquisition, agreeing to purchase Williston Basin assets from XTO Energy Inc., a subsidiary of Exxon Mobil Corporation, for $550 million. This acquisition includes 48,000 net acres with a production rate of approximately 9,000 barrels of oil equivalent per day, 78% of which is oil. Piper Sandler responded to these developments by raising its price target for Chord Energy to $169 from $166, maintaining an Overweight rating on the stock. The firm highlighted the strategic importance of the acquisition, which adds substantial acreage and production capacity. These recent developments reflect Chord Energy’s efforts to expand its asset base and production capabilities.
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