NASDAQ:CHX

ChampionX (CHX) Stock Price, News & Analysis

$35.10
-0.14 (-0.40%)
(As of 04/23/2024 ET)
Today's Range
$34.87
$35.39
50-Day Range
$28.80
$39.34
52-Week Range
$24.98
$39.95
Volume
2.50 million shs
Average Volume
2.03 million shs
Market Capitalization
$6.71 billion
P/E Ratio
22.36
Dividend Yield
1.08%
Price Target
$40.33

ChampionX MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
14.9% Upside
$40.33 Price Target
Short Interest
Healthy
4.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.76mentions of ChampionX in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$978,408 Sold Last Quarter
Proj. Earnings Growth
24.10%
From $1.95 to $2.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.02 out of 5 stars

Construction Sector

35th out of 98 stocks

Construction, Mining, & Materials Handling Machinery & Equipment Industry

2nd out of 2 stocks

CHX stock logo

About ChampionX Stock (NASDAQ:CHX)

ChampionX Corporation provides chemistry solutions, artificial lift systems, 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, offshore, and oil sands 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 digital automation solutions, and other production equipment and emissions monitoring solutions, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, methane 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, nozzles, and mining tools used in oil and gas drill bits under the US Synthetic brand; 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, drilling, cementing, acidizing additives. The company was founded in 1882 and is headquartered in The Woodlands, Texas.

CHX Stock Price History

CHX Stock News Headlines

Exposed: How Big Banks Plan to Chain Your Wealth with Digital Dollars
Big Banks have declared war on your wallet. But it's not too late to fight back. Discover how to protect your assets from their latest maneuver.
ChampionX (NASDAQ:CHX) Trading Down 2.2%
ChampionX (CHX) to Release Quarterly Earnings on Wednesday
Short Interest in ChampionX Co. (NASDAQ:CHX) Declines By 10.4%
Exposed: How Big Banks Plan to Chain Your Wealth with Digital Dollars
Big Banks have declared war on your wallet. But it's not too late to fight back. Discover how to protect your assets from their latest maneuver.
Wall Street Lunch: Tesla's Q1 Deliveries Disappoint
See More Headlines
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Company Calendar

Ex-Dividend for 1/26 Dividend
1/04/2024
Dividend Payable
1/26/2024
Last Earnings
2/06/2024
Ex-Dividend for 4/26 Dividend
4/04/2024
Today
4/23/2024
Next Earnings (Confirmed)
4/24/2024
Dividend Payable
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Construction, mining, & materials handling machinery & equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CHX
Fax
N/A
Employees
7,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.33
High Stock Price Target
$51.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+14.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$314.24 million
Pretax Margin
11.28%

Debt

Sales & Book Value

Annual Sales
$3.76 billion
Cash Flow
$3.10 per share
Book Value
$8.53 per share

Miscellaneous

Free Float
188,463,000
Market Cap
$6.71 billion
Optionable
Optionable
Beta
2.44
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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 2 hold ratings and 4 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 equities research analysts have issued twelve-month price objectives for ChampionX's shares. Their CHX share price targets range from $32.00 to $51.00. On average, they anticipate the company's share price to reach $40.33 in the next twelve months. This suggests a possible upside of 14.9% 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 2024?

ChampionX's stock was trading at $29.21 at the beginning of the year. Since then, CHX stock has increased by 20.2% and is now trading at $35.10.
View the best growth stocks for 2024 here
.

Are investors shorting ChampionX?

ChampionX saw a decline in short interest in March. As of March 31st, there was short interest totaling 7,810,000 shares, a decline of 10.4% from the March 15th total of 8,720,000 shares. Based on an average daily trading volume, of 2,010,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 4.1% of the company's stock are sold short.
View ChampionX's Short Interest
.

When is ChampionX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CHX earnings forecast
.

How were ChampionX's earnings last quarter?

ChampionX Co. (NASDAQ:CHX) issued its quarterly earnings results on Tuesday, February, 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $943.56 million for the quarter, compared to analyst estimates of $947.33 million. ChampionX had a trailing twelve-month return on equity of 20.14% and a net margin of 8.36%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share.

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

ChampionX declared a quarterly dividend on Wednesday, April 3rd. Stockholders of record on Friday, April 5th will be paid a dividend of $0.095 per share on Friday, April 26th. This represents a $0.38 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for CHX
.

Is ChampionX a good dividend stock?

ChampionX (NASDAQ:CHX) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.07%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHX will have a dividend payout ratio of 15.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHX.

What guidance has ChampionX issued on next quarter's earnings?

ChampionX issued an update on its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $908.0 million-$938.0 million, compared to the consensus revenue estimate of $922.6 million.

Who are ChampionX's major shareholders?

ChampionX's stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (2.09%), Sumitomo Mitsui Trust Holdings Inc. (0.81%), Leeward Investments LLC MA (0.47%), Congress Wealth Management LLC DE (0.19%), Raymond James & Associates (0.17%) and Norden Group LLC (0.13%). Insiders that own company stock include Antoine Marcos, Deric D Bryant, Julia Wright, Paul E Mahoney, Sivasankaran Somasundaram, Stephen M Todd and William Jr O'dell.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CHX) was last updated on 4/24/2024 by MarketBeat.com Staff

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