Chord Property Plant Equipment vs Other Assets Analysis
CHRD Stock | USD 134.43 0.00 0.00% |
Chord Energy financial indicator trend analysis is way more than just evaluating Chord Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chord Energy Corp is a good investment. Please check the relationship between Chord Energy Property Plant Equipment and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chord Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Property Plant Equipment vs Other Assets
Property Plant Equipment vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chord Energy Corp Property Plant Equipment account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chord Energy's Property Plant Equipment and Other Assets is -0.47. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Other Assets in the same time period over historical financial statements of Chord Energy Corp, assuming nothing else is changed. The correlation between historical values of Chord Energy's Property Plant Equipment and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Chord Energy Corp are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Property Plant Equipment i.e., Chord Energy's Property Plant Equipment and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant Equipment
Other Assets
Most indicators from Chord Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chord Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chord Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, Chord Energy's Issuance Of Capital Stock is projected to decrease significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 670.1M | 1.8B | 1.4B | 1.5B | Total Revenue | 1.6B | 3.6B | 3.9B | 4.1B |
Chord Energy fundamental ratios Correlations
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Chord Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chord Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.5B | 2.2B | 3.0B | 6.6B | 6.9B | 7.3B | |
Other Current Liab | 465.7M | 188.9M | 1.2B | 1.3B | 405.4M | 306.2M | |
Total Current Liabilities | 602.9M | 341.2M | 1.2B | 1.4B | 1.2B | 1.2B | |
Total Stockholder Equity | 3.6B | 915.9M | 1.0B | 4.7B | 5.1B | 5.3B | |
Other Liab | 325.8M | 542.1M | 180.6M | 181.7M | 208.9M | 123.1M | |
Accounts Payable | 17.9M | 2.6M | 2.1M | 29.1M | 34.5M | 53.8M | |
Cash | 20.0M | 15.9M | 172.1M | 593.2M | 318.0M | 333.9M | |
Other Assets | 59.3M | 1.0B | 74.0M | 281.0M | 323.1M | 339.3M | |
Other Current Assets | 346K | 79.5M | 1.0B | 53.2M | 90.9M | 90.0M | |
Total Liab | 3.7B | 1.1B | 1.8B | 2.0B | 1.8B | 1.6B | |
Common Stock | 3.2M | 3.2M | 200K | 438K | 456K | 885.4K | |
Property Plant Equipment | 7.0B | 855.1M | 1.3B | 4.7B | 5.4B | 5.7B | |
Common Stock Shares Outstanding | 315.0M | 20.1M | 20.6M | 32.3M | 43.4M | 82.9M | |
Property Plant And Equipment Net | 7.0B | 1.7B | 1.3B | 4.7B | 5.3B | 4.5B | |
Net Debt | 2.7B | 717.7M | 235.0M | (175.7M) | 112.6M | 107.0M | |
Retained Earnings | 554.4M | (49.9M) | 269.7M | 1.4B | 2.0B | 2.1B | |
Non Current Assets Total | 7.1B | 1.9B | 1.4B | 5.1B | 5.5B | 4.6B | |
Non Currrent Assets Other | (201.7M) | 38.3M | (95.5M) | 82.6M | 62.7M | 59.5M | |
Cash And Short Term Investments | 20.0M | 15.9M | 172.1M | 593.2M | 318.0M | 172.1M | |
Net Receivables | 371.2M | 159.8M | 377.2M | 781.7M | 943.1M | 990.3M | |
Liabilities And Stockholders Equity | 7.5B | 2.2B | 3.0B | 6.6B | 6.9B | 5.3B | |
Non Current Liabilities Total | 3.1B | 805.1M | 580.0M | 590.0M | 684.1M | 649.9M | |
Inventory | 35.3M | 33.9M | 29.0M | 54.4M | 72.6M | 76.2M | |
Other Stockholder Equity | 3.1B | 965.7M | 763.0M | 3.2B | 3.1B | 2.6B | |
Total Current Assets | 437.4M | 271.6M | 1.6B | 1.5B | 1.4B | 727.9M | |
Short Long Term Debt Total | 2.8B | 733.6M | 407.1M | 417.4M | 430.6M | 409.1M | |
Net Tangible Assets | 3.6B | 915.9M | 1.0B | 4.7B | 4.2B | 2.2B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Chord Energy Corp is a strong investment it is important to analyze Chord Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chord Energy's future performance. For an informed investment choice regarding Chord Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chord Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chord Energy. If investors know Chord will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chord Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Dividend Share 10.15 | Earnings Share 19.31 | Revenue Per Share 92.615 | Quarterly Revenue Growth 0.284 |
The market value of Chord Energy Corp is measured differently than its book value, which is the value of Chord that is recorded on the company's balance sheet. Investors also form their own opinion of Chord Energy's value that differs from its market value or its book value, called intrinsic value, which is Chord Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chord Energy's market value can be influenced by many factors that don't directly affect Chord Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chord Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chord Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chord Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.