Should I buy or sell ChampionX stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ChampionX in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CHX shares. View CHX analyst ratings or view top-rated stocks .

What is ChampionX's stock price target for 2024?

6 brokers have issued 1-year target prices for ChampionX's shares. Their CHX share price targets range from $32.00 to $42.00. On average, they predict the company's stock price to reach $38.50 in the next year. This suggests a possible upside of 32.0% from the stock's current price. View analysts price targets for CHX or view top-rated stocks among Wall Street analysts .

How have CHX shares performed in 2023?

ChampionX's stock was trading at $28.99 on January 1st, 2023. Since then, CHX shares have increased by 0.6% and is now trading at $29.16. View the best growth stocks for 2023 here .

When is ChampionX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024. View our CHX earnings forecast .

How were ChampionX's earnings last quarter?

ChampionX Co. (NASDAQ:CHX) issued its quarterly earnings data on Tuesday, October, 24th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.49 by $0.08. The business earned $939.78 million during the quarter, compared to the consensus estimate of $966.78 million. ChampionX had a trailing twelve-month return on equity of 20.17% and a net margin of 8.02%. ChampionX's quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS.

How often does ChampionX pay dividends? What is the dividend yield for ChampionX?

ChampionX announced a quarterly dividend on Saturday, December 9th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.085 per share on Friday, January 26th. This represents a $0.34 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 4th. Read our dividend analysis for CHX .

Is ChampionX a good dividend stock?

ChampionX (NASDAQ:CHX) pays an annual dividend of $0.34 per share and currently has a dividend yield of 1.20%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHX will have a dividend payout ratio of 16.35% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CHX .

What ETFs hold ChampionX's stock?

ETFs with the largest weight of ChampionX (NASDAQ:CHX) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ) , VanEck Oil Services ETF (OIH) , iShares U.S. Oil Equipment & Services ETF (IEZ) , SPDR S&P Oil & Gas Equipment & Services ETF (XES) , Direxion Daily Oil Services Bull 2X Shares (ONG) , Invesco Dorsey Wright Energy Momentum ETF (PXI) , First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and Innovator IBD Breakout Opportunities ETF (BOUT) .

Who are ChampionX's major shareholders?

ChampionX's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (3.65%), Brown Advisory Inc. (3.18%), American Century Companies Inc. (3.17%), Clearbridge Investments LLC (2.54%), Congress Asset Management Co. MA (2.14%) and Van ECK Associates Corp (2.02%). 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 .

How do I buy shares of ChampionX?

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. Compare Top Brokerages Here .

Positive News SentimentPositive News

ChampionX Stock Price, News & Analysis (NASDAQ:CHX)

$29.16

+0.39 (+1.36%)

(As of 12/8/2023 ET)

Compare

Today's Range: $28.97
▼
$29.48
50-Day Range: $28.26
▼
$34.97
52-Week Range: $23.66
▼
$38.37

Volume: 1.15 million shs
Average Volume: 1.24 million shs
Market Capitalization: $5.68 billion

P/E Ratio: 19.31
Dividend Yield: 1.17%
Price Target: $38.50

ChampionX MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 32.0% Upside
$38.50 Price Target
Short Interest: Healthy
4.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.56
Based on 4 Articles This Week
Insider Trading: Selling Shares
$431,056 Sold Last Quarter
Proj. Earnings Growth: 17.51%
From $1.77 to $2.08 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.27 out of 5 stars

Construction Sector

1st out of 97 stocks

Construction, Mining, & Materials Handling Machinery & Equipment Industry

1st out of 2 stocks

3.4

Analyst's Opinion

Consensus Rating
ChampionX has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $38.50, ChampionX has a forecasted upside of 32.0% from its current price of $29.16.
Amount of Analyst Coverage
ChampionX has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.08% of the float of ChampionX has been sold short.
Short Interest Ratio / Days to Cover
ChampionX has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in ChampionX has recently decreased by 2.96%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
ChampionX pays a meaningful dividend of 1.20%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
ChampionX has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of ChampionX is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ChampionX will have a dividend payout ratio of 16.35% next year. This indicates that ChampionX will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CHX.

3.6

News and Social Media Coverage

News Sentiment
ChampionX has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ChampionX this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for CHX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added ChampionX to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ChampionX insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $431,056.00 in company stock.
Percentage Held by Insiders
Only 1.22% of the stock of ChampionX is held by insiders.
Percentage Held by Institutions
98.99% of the stock of ChampionX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for ChampionX are expected to grow by 17.51% in the coming year, from $1.77 to $2.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ChampionX is 19.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of ChampionX is 19.31, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 16.49.
Price to Earnings Growth Ratio
ChampionX has a PEG Ratio of 0.59. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ChampionX has a P/B Ratio of 3.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ChampionX Stock (NASDAQ:CHX)

ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers onshore and offshore chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues. The Production & Automation Technologies segment provides artificial lift equipment, end-to-end automation and digital solutions, and other production equipment, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, emissions monitoring solutions, chemical injection systems, flow control valves, and gauges under the Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline, and Windrock brands. The Drilling Technologies segment offers polycrystalline diamond cutter inserts, bearings, valves, and mining tools under the US Synthetic brand for use in oil and gas drill bits, renewable energy applications, mixers, and agitators; and high-density ceramic roof bolt mining tools for underground mining operations. The Reservoir Chemical Technologies segment provides chemistry-oriented solutions and technologies for well drilling, cementing, fracturing, acidizing, and other well interventions, as well as fracturing fluid packages, drilling and cement additives, and products for acidizing activities. The company was founded in 1882 and is headquartered in The Woodlands, Texas.

CHX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CHX Stock News Headlines

November 19, 2023 | finance.yahoo.com

Will Weakness in ChampionX Corporation's (NASDAQ:CHX) Stock Prove Temporary Given Strong Fundamentals?

November 6, 2023 | seekingalpha.com

ChampionX Corporation: Free Cash Flow And Shareholder Returns Take The Center Stage

December 10, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 5, 2023 | seekingalpha.com

ChampionX: Adaptability Is The Key

October 28, 2023 | msn.com

Piper Sandler Maintains ChampionX (CHX) Overweight Recommendation

October 27, 2023 | msn.com

Stifel Maintains ChampionX (CHX) Buy Recommendation

October 26, 2023 | finance.yahoo.com

ChampionX Corporation (NASDAQ:CHX) Q3 2023 Earnings Call Transcript

October 25, 2023 | finanznachrichten.de

ChampionX Corporation: ChampionX Reports Third Quarter 2023 Results

December 10, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

October 25, 2023 | seekingalpha.com

ChampionX Corporation 2023 Q3 - Results - Earnings Call Presentation

October 24, 2023 | msn.com

ChampionX (CHX) Q3 Earnings and Revenues Lag Estimates

October 24, 2023 | markets.businessinsider.com

ChampionX Reports Third Quarter 2023 Results

October 24, 2023 | msn.com

ChampionX (CHX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

October 24, 2023 | finance.yahoo.com

ChampionX Corp (CHX) Q3 2023 Earnings: Robust Growth and Strong Cash Flow Generation

October 23, 2023 | msn.com

ChampionX Q3 2023 Earnings Preview

October 23, 2023 | benzinga.com

ChampionX Earnings Preview

October 18, 2023 | finance.yahoo.com

ChampionX (CHX) Gears Up for Q3 Earnings: What to Expect

October 18, 2023 | msn.com

Barclays Upgrades ChampionX (CHX)

October 17, 2023 | finance.yahoo.com

Is ChampionX Corporation (NASDAQ:CHX) Trading At A 20% Discount?

October 13, 2023 | entrepreneur.com

3 Energy Stocks With Massive Potential for Gains

October 3, 2023 | finance.yahoo.com

ChampionX Publishes 2022 Sustainability Report

September 30, 2023 | finance.yahoo.com

Should Income Investors Look At ChampionX Corporation (NASDAQ:CHX) Before Its Ex-Dividend?

September 28, 2023 | finance.yahoo.com

ChampionX Announces Third Quarter 2023 Earnings Release and Conference Call Schedule

September 26, 2023 | finance.yahoo.com

ChampionX (NASDAQ:CHX) Shareholders Will Want The ROCE Trajectory To Continue

August 3, 2023 | seekingalpha.com

ChampionX: Returning Capital To Shareholders Takes The Priority (Rating Downgrade)

July 31, 2023 | finance.yahoo.com

ChampionX's (NASDAQ:CHX) investors will be pleased with their splendid 263% return over the last three years

July 28, 2023 | bizjournals.com

ChampionX beats analysts' Q2 income expectations, misses on revenue

See More Headlines

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Company Calendar

Ex-Dividend for 10/27 Dividend: 10/05/2023
Last Earnings: 10/24/2023
Dividend Payable: 10/27/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Ex-Dividend for 1/26 Dividend: 1/04/2024
Dividend Payable: 1/26/2024
Next Earnings (Estimated): 2/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Construction, mining, & materials handling machinery & equipment
Sub-Industry: N/A
Sector: Construction
Current Symbol: NASDAQ:CHX
CUSIP: N/A
CIK: 1723089
Web: www.championx.com
Phone: (281) 403-5772
Fax: N/A
Employees: 7,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $38.50
High Stock Price Target: $42.00
Low Stock Price Target: $32.00
Potential Upside/Downside: +32.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.51
Trailing P/E Ratio: 19.31
Forward P/E Ratio: 16.47
P/E Growth: 0.59
Net Income: $154.97 million
Net Margins: 8.02%
Pretax Margin: 10.45%
Return on Equity: 20.17%
Return on Assets: 10.22%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 1.87
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $3.81 billion
Price / Sales: 1.49
Cash Flow: $2.78 per share
Price / Cash Flow: 10.48
Book Value: $8.44 per share
Price / Book: 3.45

Miscellaneous

Outstanding Shares: 194,800,000
Free Float: 192,423,000
Market Cap: $5.68 billion
Optionable: Optionable
Beta: 2.48

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Key Executives

Mr. Sivasankaran Somasundaram (Age 57)
President, CEO & Director
Comp: $1.98M
Mr. Kenneth M. Fisher (Age 61)
Executive VP & CFO
Comp: $1.23M
Mr. Deric D. Bryant (Age 50)
COO & President of Chemical Technologies
Comp: $1.21M
Ms. Julia Wright (Age 47)
Senior VP, General Counsel & Secretary
Comp: $836.49k
Mr. Paul E. Mahoney (Age 59)
President of Production & Automation Technologies
Comp: $959.85k
Mr. Antoine Marcos (Age 53)
VP, Corporate Controller & Chief Accounting Officer
Mr. Mark Eley
Senior VP of Marketing & Technology, Chemical Technologies and Corporate Communications
Ms. Alina Parast
Senior VP & Chief Information Officer
Mr. Byron Keith Pope C.F.A.
Vice President of ESG & Investor Relations
Mr. Jordan Zweig (Age 53)
Senior VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHX Stock Analysis - Frequently Asked Questions

Should I buy or sell ChampionX stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ChampionX in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CHX shares.
View CHX analyst ratings or view top-rated stocks.
What is ChampionX's stock price target for 2024?: 6 brokers have issued 1-year target prices for ChampionX's shares. Their CHX share price targets range from $32.00 to $42.00. On average, they predict the company's stock price to reach $38.50 in the next year. This suggests a possible upside of 32.0% from the stock's current price.
View analysts price targets for CHX or view top-rated stocks among Wall Street analysts.
How have CHX shares performed in 2023?: ChampionX's stock was trading at $28.99 on January 1st, 2023. Since then, CHX shares have increased by 0.6% and is now trading at $29.16.
View the best growth stocks for 2023 here.
When is ChampionX's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our CHX earnings forecast.
How were ChampionX's earnings last quarter?: ChampionX Co. (NASDAQ:CHX) issued its quarterly earnings data on Tuesday, October, 24th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.49 by $0.08. The business earned $939.78 million during the quarter, compared to the consensus estimate of $966.78 million. ChampionX had a trailing twelve-month return on equity of 20.17% and a net margin of 8.02%. ChampionX's quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS.
How often does ChampionX pay dividends? What is the dividend yield for ChampionX?: ChampionX announced a quarterly dividend on Saturday, December 9th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.085 per share on Friday, January 26th. This represents a $0.34 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 4th.
Read our dividend analysis for CHX.

Is ChampionX a good dividend stock?: ChampionX (NASDAQ:CHX) pays an annual dividend of $0.34 per share and currently has a dividend yield of 1.20%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHX will have a dividend payout ratio of 16.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHX.
What ETFs hold ChampionX's stock?: ETFs with the largest weight of ChampionX (NASDAQ:CHX) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and Innovator IBD Breakout Opportunities ETF (BOUT).
Who are ChampionX's major shareholders?: ChampionX's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (3.65%), Brown Advisory Inc. (3.18%), American Century Companies Inc. (3.17%), Clearbridge Investments LLC (2.54%), Congress Asset Management Co. MA (2.14%) and Van ECK Associates Corp (2.02%). 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.
How do I buy shares of ChampionX?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:CHX) was last updated on 12/10/2023 by MarketBeat.com Staff

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