Scotiabank has initiated coverage on Chord Energy Corp (CHRD) with a Sector Perform rating, marking the firm's first assessment of the company's investment potential. This rating reflects Scotiabank's analysis of Chord Energy's business dynamics, industry conditions, and growth prospects.
Headquartered in Houston, Texas, Chord Energy engages in the exploration and production of crude oil, natural gas liquids, and natural gas, primarily focusing on the North Dakota and Montana areas of the Williston Basin. The company operates approximately 9,011 total gross productive wells, with an average daily production of about 232,737 net barrels of oil equivalent per day (Boepd). As of November 20, 2025, Chord Energy boasts a market capitalization of $5.2 billion, a P/E ratio of 30.20, and a dividend yield of 568.9%.
Analyst ratings, such as this new designation from Scotiabank, represent professional evaluations based on extensive research and financial modeling. While these insights can provide valuable context, they are rooted in assumptions that may not always hold true.
Investors should weigh multiple factors, including company fundamentals, competitive positioning, and industry trends, when making decisions. Analyst opinions should serve as one of many considerations rather than the sole basis for investment strategies. It's also important to note that analyst ratings can evolve as new information surfaces, leading to differing perspectives among analysts on the same company.