Chord Energy president and CEO Daniel Brown sells $2.07m in stock

Daniel E. Brown, the President and CEO of Chord Energy Corp, recently sold 13,704 shares of the company's common stock, amounting to roughly $2.07 million. The transactions took place over two days, on August 20 and August 21, 2026, with share prices fluctuating between $150.12 and $152.34. Brown's actions were governed by a pre-established Rule 10b5-1 trading plan he put in place on March 16, 2026.

On August 20, Brown sold 6,120 shares at an average price of $150.65, followed by an additional 4,102 shares at a weighted average price of $151.66. The final sale on the same day saw 2,826 shares exchanged at a weighted average price of $152.34. The final transaction on August 21 saw Brown sell 656 shares at an average price of $150.12 per share.

After these sales, Brown still holds 178,659 shares of Chord Energy Corp common stock. The insider sales coincided with CHRD stock trading near its 52-week high of $153, following a 42% increase over the past six months. Despite the recent stock gains, the stock is currently considered undervalued, with a fair value estimate of $201, according to InvestingPro analysis.

CHRD's current P/E ratio stands at 9.75, and its market cap is reported at $8.09 billion. For further insights, investors can refer to CHRD’s Pro Research Report, one of over 1,400 available for US equities. In other news, Chord Energy recently reported its Q2 2026 earnings, which fell short of analyst expectations. While the company's adjusted earnings per share were $6.44, the consensus forecast was $6.75.

Revenue also fell short, coming in at $1.49 billion compared to the estimated $1.61 billion. However, Chord Energy reported strong free cash flow and a robust balance sheet. The company also announced a commitment to increased shareholder returns, which may appeal to investors.