Roth Capital Raises Chord Energy Price Target to $165 Following Production Beat

Key Facts

1Roth Capital increased its price target for Chord Energy to $165 from $145.

2Chord Energy's preliminary Q3 2026 production exceeded forecasts while capital spending remained within budget.

3The company repurchased $205 million in shares during Q3 and sold Marcellus assets for $550 million.

Roth Capital increased its price target for Chord Energy to $165 from $145, according to Financial Modeling Prep. The company's preliminary third-quarter 2026 production for oil, natural gas, and natural gas liquids exceeded the high end of its forecasts, while capital spending remained within the budgeted range. Additionally, the company underwent a leadership transition as Michael Lou became CEO on October 19, 2026, succeeding Danny Brown.

The company repurchased $205 million in shares during the third quarter at an average price of $135.74 and completed the sale of non-operated Marcellus assets for $550 million. CHRD closed at $154.56 on October 16, 2026, placing the new Roth Capital target approximately 6.7% above the last closing price. Reports indicate that the firm has continued its buyback program into the fourth quarter, purchasing an additional $44.3 million in shares to date.