Wells Fargo Raises Chord Energy Price Target

Analysts see upside potential for the energy company's stock.

Mar. 16, 2026 at 2:38pm

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Wells Fargo & Company has raised its price target for Chord Energy (NASDAQ:CHRD) from $109.00 to $136.00 and maintained an "overweight" rating on the stock. The investment firm cited the company's strong performance and growth potential in the Williston Basin and Delaware Basin regions.

Why it matters

Chord Energy is a key player in the U.S. energy industry, focused on the acquisition, development, and production of crude oil, natural gas, and natural gas liquids. The Wells Fargo price target increase suggests analysts see significant upside potential for the company's stock, which could be of interest to investors.

The details

In a research note, Wells Fargo analysts cited Chord Energy's strong operational and financial performance as the reasons for the price target increase. The company has been successful in its core operating regions, the Williston Basin and Delaware Basin, which has contributed to its growth and profitability.

  • Wells Fargo issued the updated price target and rating on Monday, March 16, 2026.

The players

Chord Energy

An independent exploration and production company focused on crude oil, natural gas, and natural gas liquids in the Williston Basin and Delaware Basin regions.

Wells Fargo & Company

A major U.S. financial services company that provides a variety of banking, investment, and mortgage products and services.

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The takeaway

The Wells Fargo price target increase suggests analysts see significant growth potential for Chord Energy, underscoring the company's strong performance in its core operating regions and its importance as a player in the U.S. energy industry.