Chord Energy Corp

Zacks Investment Research added three stocks to its Zacks Rank #5 (Strong Sell) list on August 12th. Blackstone Mortgage Trust saw its current-year earnings consensus estimate revised 12.4% lower over the last 60 days. Chord Energy Corporation's current-year earnings estimate was cut by 13.4% over the same period. Energy Fuels Inc. experienced a 35.7% downward revision to its current-year earnings estimate over the last 60 days.

Shares of Chord Energy, Murphy Oil, and Vitesse Energy fell sharply in afternoon trading after crude oil prices pulled back from a prior rally. West Texas Intermediate crude dropped 2.2% to settle near $71.88 per barrel, while Brent crude slipped below $77 per barrel. The decline came despite U.S. military confirmation of secondary strikes on Iran and President Trump declaring a recent ceasefire over, as investors took profits amid signs that tanker traffic through the Strait of Hormuz continued. Chord Energy fell 3.5%, Murphy Oil dropped 3.3%, and Vitesse Energy declined 3.9%. The moves underscored that energy sector valuations were being driven almost entirely by geopolitical risk premiums rather than underlying supply and demand fundamentals.

Chord Energy Corporation was among the stocks most negatively affecting Palm Valley Capital Fund's second-quarter return, as the broader energy sector sold off on falling oil prices after geopolitical tensions eased. The fund noted that Chord Energy reported solid first-quarter results and raised its 2026 production guidance, but this was overshadowed by the industry-wide decline. Chord Energy shares closed at $116.84 on July 7, 2026, with a one-month return of negative 15.49% and a market capitalization of $6.57 billion. The Palm Valley Capital Fund's investor class gained 1.80% in the second quarter, underperforming the S&P SmallCap 600's 19.7% return, partly due to its 75% allocation to cash equivalents.

U.S. shale E&P stocks reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 2.7% as a group. Crescent Energy posted revenues of $1.18 billion, up 24.5% year on year, in line with expectations, but its stock fell 30.9% since reporting. Chord Energy was the best performer, with revenues of $1.67 billion beating estimates by 33.1%, though its shares still dropped 22.6%. Texas Pacific Land had the weakest quarter, missing revenue and EBITDA estimates, and its stock declined 1.3%. Matador Resources saw revenues fall 33.8% year on year to $671.6 million, missing estimates by 23%, and its shares fell 15.2%. Riley Exploration Permian beat revenue estimates by 4.4% with $113.9 million, but missed on EBITDA and EPS, and its stock slipped 3.3%. On average, share prices of the tracked companies are down 14.7% since their latest earnings results.

Texas Pacific Land reported first-quarter revenues of $236.8 million, up 20.8% year on year but falling short of analysts' expectations by 0.8%, with a significant miss on EBITDA estimates. The company, one of America's largest private landowners with roughly 868,000 acres in the Permian Basin, saw its stock drop 11.9% since reporting. Among the 11 U.S. shale E&P stocks tracked, the group beat revenue consensus by 2.7% on average, yet share prices are down 12.7% on average since their latest earnings. Chord Energy posted the strongest results, with revenues of $1.67 billion beating estimates by 33.1%, though its stock still fell 19.6%. Other notable performers included Matador Resources, which missed revenue expectations by 23%, and HighPeak Energy, which beat revenue estimates by 1.3% and saw its stock rise 10%.

Shares of Chord Energy and Atlas Energy Solutions declined sharply as crude oil prices fell to their lowest level since the start of the Iran conflict, driven by tankers resuming transit through the Strait of Hormuz and signals of progress toward ending the war. Chord Energy dropped 3.9 percent and Atlas Energy Solutions fell 5.6 percent, while the S&P 500 energy index lost about 2.45 percent. West Texas Intermediate crude fell about 4 percent to near 70 dollars a barrel and Brent dropped about 4 percent to near 74 dollars, the lowest since February 27. The resumption of tanker traffic with transponders on, safety guarantees cited by the International Maritime Organization, and International Energy Agency estimates of UAE exports near 85 percent of pre-war levels eased supply fears. Separately, President Trump ordered a Department of Justice probe into why pump prices have not fallen faster, accusing oil companies of gouging.

Shares of TechnipFMC, Chord Energy, and Crescent Energy fell sharply after the U.S. and Iran signed an interim agreement waiving sanctions on Tehran's oil and reopening the Strait of Hormuz. WTI futures dropped as much as 3.5% to an intraday low of $73.60, while Brent crude fell 2% to $77.96, as the 14-point memorandum of understanding began a 60-day negotiation period and stripped away the geopolitical risk premium that had boosted energy stocks. Under the deal, Iran will allow toll-free passage through the Strait of Hormuz immediately, with full traffic capacity restored within 30 days, normalizing a chokepoint that handles roughly 20% of the world's seaborne oil and LNG. Oilfield services company TechnipFMC fell 3.9%, U.S. shale producer Chord Energy dropped 3.6%, and Crescent Energy declined 4.3%, with the latter's shares remaining extremely volatile and now trading 25.9% below their 52-week high of $13.92 from May 2026. The potential return of Iranian exports, which ran at roughly 3 million barrels per day before the conflict, represents a persistent supply overhang that would most directly impact U.S. shale producers who gained market share during Iran's absence.