ChampionX (CHX) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ChampionX in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CHX shares.
View CHX analyst ratings or view top-rated stocks.

5 brokerages have issued 12-month price targets for ChampionX's stock. Their CHX share price forecasts range from $22.00 to $40.00. On average, they predict the company's share price to reach $30.80 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for CHX or view top-rated stocks among Wall Street analysts.

ChampionX's stock was trading at $28.99 at the beginning of the year. Since then, CHX stock has decreased by 4.1% and is now trading at $27.81.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our CHX earnings forecast.

ChampionX Co. (NASDAQ:CHX) released its earnings results on Tuesday, April, 25th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business earned $948.35 million during the quarter, compared to analyst estimates of $965.93 million. ChampionX had a net margin of 4.68% and a trailing twelve-month return on equity of 16.87%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share.

ChampionX declared a quarterly dividend on Friday, June 9th. Investors of record on Friday, July 7th will be given a dividend of $0.085 per share on Friday, July 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, July 6th.
Read our dividend analysis for CHX.

ETFs with the largest weight of ChampionX (NASDAQ:CHX) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Direxion Daily Oil Services Bull 2X Shares (ONG), Long Cramer Tracker ETF (LJIM), Invesco DWA Energy Momentum ETF (PXI) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).

ChampionX (NASDAQ:CHX) pays an annual dividend of $0.34 per share and currently has a dividend yield of 1.19%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHX will have a dividend payout ratio of 15.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHX.

ChampionX issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $970.00M-$1.00 billion, compared to the consensus revenue estimate of $997.78 million.

ChampionX trades on the NASDAQ under the ticker symbol "CHX."

ChampionX's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.75%), State Street Corp (3.75%), Brown Advisory Inc. (3.56%), American Century Companies Inc. (3.04%), Van ECK Associates Corp (2.45%) and Gates Capital Management Inc. (2.43%). Insiders that own company stock include Antoine Marcos, Deric D Bryant, Julia Wright, Paul E Mahoney, Sivasankaran Somasundaram and Stephen M Todd.
View institutional ownership trends.

Shares of CHX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHX stock can currently be purchased for approximately $27.81.

ChampionX (NASDAQ:CHX) has a market capitalization of $5.51 billion and generates $3.81 billion in revenue each year. The company earns $154.97 million in net income (profit) each year or $0.88 on an earnings per share basis.

The company employs 7,300 workers across the globe.

ChampionX's mailing address is 2445 TECHNOLOGY FOREST BLVD BUILDING 4 FLOOR 12, THE WOODLANDS TX, 77381. The official website for the company is www.championx.com. The company can be reached via phone at (281) 403-5772 or via email at byron.pope@championx.com.