Chord Energy: Synergies Expected, High FCF Yield Remains Attractive

Summary

• Chord Energy engaged in M&A to boost efficiencies and profits, but WTI crude oil prices have outperformed Energy-sector equities this year.
• CHRD reported strong Q2 earnings, with a low P/E ratio and high free cash flow yield making the stock attractive.
• CHRD's EPS is expected to grow 16% this year, with a potential for a low-teens P/E ratio if EPS growth increases to high-single digits.
• I highlight key price levels to watch ahead of earnings at the end of the month.