Truist analyst Gabe Daoud lowered the firm's price target on Chord Energy to $170 from $185 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results among select Exploration & Production names. Q2 represents the second consecutive quarter of "out of touch" oil price realizations, the analyst tells investors in a research note. All eyes were fixated on activity levels but given the oil price pullback, no doubt public E&Ps stand pat and eschew equipment adds, the firm noted.
