NASDAQ:CHX

ChampionX (CHX) Stock Forecast, Price & News

$26.63

-0.01 (-0.04%)

(As of 05/26/2023 ET)

Compare

Today's Range: $26.34
▼
$27.12
50-Day Range: $24.59
▼
$28.52
52-Week Range: $16.64
▼
$33.65

Volume: 760,189 shs
Average Volume: 1.17 million shs
Market Capitalization: $5.27 billion

P/E Ratio: 30.26
Dividend Yield: 1.28%
Price Target: $30.80

ChampionX MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 15.7% Upside
$30.80 Price Target
Short Interest: Bearish
4.49% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.15
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 16.76%
From $1.85 to $2.16 Per Share

Overall MarketRank^™

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

2.60 out of 5 stars

Construction Sector

17th out of 106 stocks

Construction, Mining, & Materials Handling Machinery & Equipment Industry

2nd out of 2 stocks

2.3

Analyst's Opinion

Consensus Rating
ChampionX has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.80, ChampionX has a forecasted upside of 15.7% from its current price of $26.63.
Amount of Analyst Coverage
ChampionX has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.49% 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 increased by 0.46%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
ChampionX pays a meaningful dividend of 1.28%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
ChampionX does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of ChampionX is 38.64%. 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 15.74% 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.

2.9

News and Social Media Coverage

News Sentiment
ChampionX has a news sentiment score of 1.15. 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 0.60 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.
MarketBeat Follows
Only 2 people have added ChampionX to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ChampionX insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.22% of the stock of ChampionX is held by insiders.
Percentage Held by Institutions
98.46% 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 16.76% in the coming year, from $1.85 to $2.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ChampionX is 30.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of ChampionX is 30.26, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 12.18.
Price to Earnings Growth Ratio
ChampionX has a PEG Ratio of 0.51. 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 3.16. 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 (NASDAQ:CHX) Stock

ChampionX Corp. engages in the provision of chemistry programs and services for global upstream oil and natural gas industry. It operates under the following segments: Production Chemical Technologies, Production and Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers products and services that cover a broad range of onshore and offshore chemical solutions in production and midstream operations. The Production and Automation Technologies focuses on offering products, technologies, and services that facilitate the safe, efficient, and cost-effective extraction of oil and gas through artificial lift and digital automation applications. The Drilling Technologies provides polycrystalline diamond cutter (“PDC“) inserts, bearings, valves, and mining tools. The Reservoir Chemical Technologies consists of the provision of chemistry-oriented solutions and technologies. The company was founded in 1928 and is headquartered in The Woodlands, TX.

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CHX Stock News Headlines

May 23, 2023 | msn.com

ChampionX: Short Term And Long Term Catalysts

May 19, 2023 | americanbankingnews.com

ChampionX Co. (NASDAQ:CHX) Receives $30.80 Average PT from Analysts

May 27, 2023 | Behind the Markets (Ad)

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May 13, 2023 | msn.com

ChampionX (CHX) Declares $0.08 Dividend

May 11, 2023 | msn.com

ChampionX declares $0.085 dividend

May 10, 2023 | finance.yahoo.com

ChampionX Corporation's (NASDAQ:CHX) Intrinsic Value Is Potentially 26% Above Its Share Price

April 27, 2023 | seekingalpha.com

ChampionX Corporation: Improved Margin Guidance Is Great

April 27, 2023 | americanbankingnews.com

ChampionX (NASDAQ:CHX) Issues Quarterly Earnings Results

May 27, 2023 | Behind the Markets (Ad)

NOTICE: Your retirement is in immediate danger

April 26, 2023 | finance.yahoo.com

ConocoPhillips Recognizes ChampionX Norway Operations with 2022 Supplier Recognition Award

April 26, 2023 | finance.yahoo.com

ChampionX First Quarter 2023 Earnings: Misses Expectations

April 26, 2023 | americanbankingnews.com

ChampionX Co. (NASDAQ:CHX) Receives Average Rating of "Moderate Buy" from Analysts

April 25, 2023 | seekingalpha.com

ChampionX Corporation (CHX) Q1 2023 Earnings Call Transcript

April 25, 2023 | seekingalpha.com

ChampionX Corporation 2023 Q1 - Results - Earnings Call Presentation

April 24, 2023 | finance.yahoo.com

ChampionX Reports First Quarter 2023 Results

April 23, 2023 | americanbankingnews.com

ChampionX (CHX) Set to Announce Quarterly Earnings on Monday

April 22, 2023 | msn.com

Earnings Preview: ChampionX

April 22, 2023 | msn.com

Unusual Call Option Trade in ChampionX (CHX) Worth $87.50K

April 6, 2023 | seekingalpha.com

Customer Wins And Cash Flow Improvement Likely To Turn Around ChampionX

April 5, 2023 | americanbankingnews.com

ChampionX (NASDAQ:CHX) Price Target Cut to $40.00 by Analysts at Citigroup

April 4, 2023 | finance.yahoo.com

ChampionX Announces First Quarter 2023 Earnings Release and Conference Call Schedule

April 3, 2023 | americanbankingnews.com

ChampionX Co. (NASDAQ:CHX) Plans Quarterly Dividend of $0.09

April 3, 2023 | americanbankingnews.com

ChampionX Co. (NASDAQ:CHX) Receives Average Recommendation of "Moderate Buy" from Analysts

March 1, 2023 | finance.yahoo.com

ChampionX to Host 2023 Investor Day

February 16, 2023 | finance.yahoo.com

ChampionX Increases Quarterly Dividend by 13 Percent

February 15, 2023 | finance.yahoo.com

ChampionX Corporation Announces Appointment of Elaine Pickle and Carlos Fierro to Board of Directors; Stephen Wagner Will Retire

February 4, 2023 | finance.yahoo.com

Here's Why We Think ChampionX (NASDAQ:CHX) Might Deserve Your Attention Today

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CHX Company Calendar

Ex-Dividend for 4/28 Dividend: 4/05/2023
Last Earnings: 4/25/2023
Dividend Payable: 4/28/2023
Today: 5/27/2023
Next Earnings (Estimated): 7/25/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $30.80
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +15.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.88
Trailing P/E Ratio: 30.26
Forward P/E Ratio: 14.39
P/E Growth: 0.51
Net Income: $154.97 million
Net Margins: 4.68%
Pretax Margin: 6.28%
Return on Equity: 16.87%
Return on Assets: 8.49%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 1.75
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $3.81 billion
Price / Sales: 1.39
Cash Flow: $2.75 per share
Price / Cash Flow: 9.70
Book Value: $8.44 per share
Price / Book: 3.16

Miscellaneous

Outstanding Shares: 197,970,000
Free Float: 195,559,000
Market Cap: $5.27 billion
Optionable: Optionable
Beta: 2.55

Key Executives

Soma Somasundaram
President, Chief Executive Officer & Director

Deric D. Bryant
COO & President-Chemical Technologies

Kenneth M. Fisher
Chief Financial Officer & Executive Vice President

Alina Parast
Chief Information Officer & Senior Vice President

Mark Eley
SVP-Marketing, Technology & Communication

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHX Stock - Frequently Asked Questions

Should I buy or sell ChampionX stock right now?: 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.
What is ChampionX's stock price forecast for 2023?: 5 brokerages have issued 12-month price objectives for ChampionX's shares. 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 twelve months. This suggests a possible upside of 15.7% 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 at the beginning of 2023. Since then, CHX stock has decreased by 8.1% and is now trading at $26.63.
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 Tuesday, July 25th 2023.
View our CHX earnings forecast.
How were ChampionX's earnings last quarter?: ChampionX Co. (NASDAQ:CHX) posted its quarterly earnings data 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 analysts' expectations of $965.93 million. ChampionX had a net margin of 4.68% and a trailing twelve-month return on equity of 16.87%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share.
How often does ChampionX pay dividends? What is the dividend yield for ChampionX?: ChampionX declared a quarterly dividend on Thursday, May 11th. Investors of record on Friday, July 7th will be paid 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 1.28%. The ex-dividend date of this dividend is Thursday, July 6th.
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 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), Invesco DWA Energy Momentum ETF (PXI), Long Cramer Tracker ETF (LJIM) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).
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 1.28%. 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.

What guidance has ChampionX issued on next quarter's earnings?: ChampionX updated 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.
What is ChampionX's stock symbol?: ChampionX trades on the NASDAQ under the ticker symbol "CHX."
Who are ChampionX's major shareholders?: ChampionX's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.
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.
What is ChampionX's stock price today?: One share of CHX stock can currently be purchased for approximately $26.63.
How much money does ChampionX make?: ChampionX (NASDAQ:CHX) has a market capitalization of $5.27 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.
How many employees does ChampionX have?: The company employs 7,300 workers across the globe.
How can I contact ChampionX?: 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.

This page (NASDAQ:CHX) was last updated on 5/27/2023 by MarketBeat.com Staff

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