Chord Energy Stock Upgraded to 'Strong Buy'

Zacks Research cites improved outlook for oil and gas producer

Apr. 8, 2026 at 3:22pm

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Chord Energy (NASDAQ:CHRD), an independent oil and gas exploration and production company, has been upgraded from a 'hold' rating to a 'strong-buy' by Zacks Research. The upgrade comes as analysts see an improved outlook for the company's operations in the Williston and Delaware Basins.

Why it matters

Chord Energy's stock upgrade reflects growing confidence in the company's ability to navigate the volatile energy market and capitalize on rising oil and gas prices. As a key player in two major U.S. shale plays, Chord's performance is seen as a bellwether for the broader industry.

The details

Zacks Research cited several factors in upgrading Chord Energy, including the company's strong Q4 2025 earnings that beat analyst expectations, as well as an increase in its price target from $99 to $148 per share. Other analysts have also boosted their price targets, with Piper Sandler raising its outlook from $158 to $190 and Wells Fargo increasing its target from $109 to $136.

  • Chord Energy reported Q4 2025 earnings on February 25, 2026.
  • Zacks Research issued its upgrade on April 8, 2026.

The players

Chord Energy

An independent oil and gas exploration and production company focused on the Williston and Delaware Basins.

Zacks Research

An investment research firm that provides stock ratings and analysis.

Piper Sandler

An investment bank that covers Chord Energy and has raised its price target for the stock.

Wells Fargo

A major financial services firm that has also increased its price target for Chord Energy.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

Chord Energy is expected to report its Q1 2026 earnings in the coming weeks, which will provide further insight into the company's operational and financial performance.

The takeaway

Chord Energy's stock upgrade underscores the company's resilience and growth potential in the current energy market, as it continues to capitalize on its strategic position in two of the most prolific U.S. oil and gas basins.