Is Chord Energy Corp. overvalued or undervalued?

As of 16 April 2024, Chord Energy Corp. has moved from a fair to an attractive valuation grade. The company is currently considered undervalued, with a P/E ratio of 6, significantly lower than the industry average. Additionally, its Price to Book Value stands at 0.68, and the EV to EBITDA ratio is 2.64, indicating strong potential for growth relative to its current market price.
In comparison with peers, Chord Energy's P/E ratio of 6 is notably lower than Chesapeake Energy Corp.'s 31.99 and Coterra Energy, Inc.'s 15.78, suggesting it is trading at a discount relative to these companies. Furthermore, its EV to EBIT ratio of 5.42 is competitive compared to Matador Resources Co.'s 3.77 and Civitas Resources, Inc.'s 2.38, which are also in the attractive range. Despite recent underperformance against the S&P 500, particularly over the past year with a decline of 39.32%, the current valuation metrics indicate that Chord Energy Corp. presents a compelling investment opportunity.