Chord Energy Stock: 7 Straight Green Days, Up 13%
Chord Energy (CHRD) stock has risen for 7 consecutive trading days, gaining 13.3% over that stretch. That added about $961 million to the company’s market value, which now stands at about $8.2 billion. The stock closed at $149.93 on Friday, November 13, 5.2% below its 52-week high of $158.13 and 74.1% above its low of $86.10.
How The Streak Stacks Up Against The S&P 500
Returns for CHRD and the S&P 500 over the streak and the periods around it, all ending Friday, November 13 and including dividends:
| Return Period | CHRD | S&P 500 |
|---|---|---|
| 1 Day | 2.0% | -0.4% |
| 7 Days (Current Streak) | 13.3% | -1.6% |
| 1 Month (21 Trading Days) | 1.1% | -2.3% |
| 3 Months (63 Trading Days) | 5.9% | -2.1% |
| Year To Date | 66.3% | 11.5% |
| 1 Year (252 Trading Days) | 74.6% | 11.7% |
Is This Move About Chord Energy Or The Market?
The market explains little of this: the S&P 500 lost 1.6% over the same 7 sessions, including dividends, against Chord Energy’s +13.3%. Over the past three months the stock is up 5.9%, a window that includes the streak; over the other 56 sessions of that window it was down 6.6%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 30.1% over the last twelve months, against a median of 20.8% for S&P 500 Energy stocks; its operating margin is 14.7%, versus a median of 23.3%; and the stock trades at 9.1 times trailing earnings against a median of 14.7. The read is mixed: revenue growth above the median and a multiple below the median on one side, margins below the median on the other.
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