NASDAQ:CHX

ChampionX (CHX) Stock Forecast, Price & News

$34.76

-0.86 (-2.41%)

(As of 01:21 PM ET)

Compare

Today's Range: $34.42
▼
$35.69
50-Day Range: $33.67
▼
$38.03
52-Week Range: $19.95
▼
$38.37

Volume: 423,585 shs
Average Volume: 1.44 million shs
Market Capitalization: $6.83 billion

P/E Ratio: 28.26
Dividend Yield: 0.98%
Price Target: $37.40

ChampionX MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 7.1% Upside
$37.40 Price Target
Short Interest: Healthy
4.10% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.57
Based on 17 Articles This Week
Insider Trading: Selling Shares
$8.19 M Sold Last Quarter
Proj. Earnings Growth: 21.08%
From $1.85 to $2.24 Per Share

Overall MarketRank^™

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

2.33 out of 5 stars

Construction Sector

51st out of 102 stocks

Construction, Mining, & Materials Handling Machinery & Equipment Industry

2nd out of 2 stocks

1.3

Analyst's Opinion

Consensus Rating
ChampionX has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.40, ChampionX has a forecasted upside of 7.1% from its current price of $34.93.
Amount of Analyst Coverage
ChampionX has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.10% 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 5.9.
Change versus previous month
Short interest in ChampionX has recently decreased by 4.19%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
ChampionX has a dividend yield of 0.95%, which is in 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 27.64%. 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 15.18% 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.

2.5

News and Social Media Coverage

News Sentiment
ChampionX has a news sentiment score of 0.57. 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 lower news sentiment than the 0.73 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for ChampionX this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for CHX on MarketBeat in the last 30 days. This is a decrease of -90% compared to the previous 30 days.
MarketBeat Follows
6 people have added ChampionX to their MarketBeat watchlist in the last 30 days. This is an increase of 500% 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 $8,194,768.00 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 21.08% in the coming year, from $1.85 to $2.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ChampionX is 28.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of ChampionX is 28.40, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.41.
Price to Earnings Growth Ratio
ChampionX has a PEG Ratio of 0.70. 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 4.14. 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 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 Price History

30 days | 90 days | 365 days | Advanced Chart

CHX Stock News Headlines

September 30, 2023 | finance.yahoo.com

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

September 30, 2023 | americanbankingnews.com

Brokers Issue Forecasts for ChampionX Co.'s Q3 2023 Earnings (NASDAQ:CHX)

October 2, 2023 | PressReach (Ad)

Nuclear Revival Creates Opportunities for Uranium

Uranium companies set to benefit from increased demand for clean energy.

September 29, 2023 | americanbankingnews.com

FY2023 Earnings Forecast for ChampionX Co. Issued By Capital One Financial (NASDAQ:CHX)

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

October 2, 2023 | PressReach (Ad)

Nuclear Revival Creates Opportunities for Uranium

Uranium companies set to benefit from increased demand for clean energy.

July 28, 2023 | bizjournals.com

ChampionX beats analysts' Q2 income expectations, misses on revenue

July 25, 2023 | finanznachrichten.de

ChampionX Corporation: ChampionX Reports Second Quarter 2023 Results

July 24, 2023 | seekingalpha.com

ChampionX Non-GAAP EPS of $0.49 beats by $0.05, revenue of $926.6M misses by $54.91M

July 24, 2023 | msn.com

ChampionX (CHX) Q2 Earnings Beat Estimates

July 24, 2023 | msn.com

ChampionX (CHX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

July 24, 2023 | seekingalpha.com

ChampionX slips as Q3 revenue guidance misses expectations

July 24, 2023 | benzinga.com

ChampionX Reports Second Quarter 2023 Results

July 19, 2023 | finance.yahoo.com

ChampionX (CHX) to Report Q2 Earnings: What to Expect?

July 15, 2023 | finance.yahoo.com

If EPS Growth Is Important To You, ChampionX (NASDAQ:CHX) Presents An Opportunity

July 14, 2023 | msn.com

Capital One Initiates Coverage of ChampionX (CHX) with Overweight Recommendation

July 1, 2023 | finance.yahoo.com

ChampionX Corporation (NASDAQ:CHX) Is About To Go Ex-Dividend, And It Pays A 1.1% Yield

June 29, 2023 | finance.yahoo.com

ChampionX Announces Second Quarter 2023 Earnings Release and Conference Call Schedule

June 22, 2023 | msn.com

Relative Underperformance of Small Cap Stocks Opens Up Opportunities, Including These 10 Ideas

June 12, 2023 | finance.yahoo.com

ChampionX Corporation's (NASDAQ:CHX) Stock Is Going Strong: Is the Market Following Fundamentals?

June 6, 2023 | finance.yahoo.com

ChampionX to Present at the Stifel Cross Sector Insight Conference

May 23, 2023 | msn.com

ChampionX: Short Term And Long Term Catalysts

May 13, 2023 | msn.com

ChampionX (CHX) Declares $0.08 Dividend

May 11, 2023 | msn.com

ChampionX declares $0.085 dividend

See More Headlines

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CHX Company Calendar

Ex-Dividend for 7/28 Dividend: 7/06/2023
Last Earnings: 7/25/2023
Dividend Payable: 7/28/2023
Today: 10/02/2023
Ex-Dividend for 10/27 Dividend: 10/05/2023
Next Earnings (Confirmed): 10/24/2023
Dividend Payable: 10/27/2023
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: $37.40
High Stock Price Forecast: $42.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: +5.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.23
Trailing P/E Ratio: 28.96
Forward P/E Ratio: 19.25
P/E Growth: 0.7
Net Income: $154.97 million
Net Margins: 6.45%
Pretax Margin: 8.37%
Return on Equity: 19.42%
Return on Assets: 9.76%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 1.82
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $3.81 billion
Price / Sales: 1.84
Cash Flow: $2.75 per share
Price / Cash Flow: 12.97
Book Value: $8.44 per share
Price / Book: 4.22

Miscellaneous

Outstanding Shares: 196,580,000
Free Float: 194,184,000
Market Cap: $7.00 billion
Optionable: Optionable
Beta: 2.59

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Key Executives

Mr. Sivasankaran Somasundaram (Age 57)
Pres, CEO & Director
Comp: $1.98M

Mr. Kenneth M. Fisher (Age 61)
Exec. VP & CFO
Comp: $1.23M

Mr. Deric D. Bryant (Age 50)
COO & Pres of Chemical Technologies
Comp: $1.21M

Ms. Julia Wright (Age 47)
Sr. VP, Gen. Counsel & Sec.
Comp: $836.49k

Mr. Paul E. Mahoney (Age 59)
Pres of Production & Automation Technologies
Comp: $959.85k

Mr. Antoine Marcos (Age 53)
VP, Corp. Controller & Chief Accounting Officer

Mr. Mark Eley
Sr. VP of Marketing & Technology, Chemical Technologies and Corp. Communications

Ms. Alina Parast
Sr. VP & Chief Information Officer

Mr. Byron Keith Pope C.F.A.
VP of ESG & Investor Relations

Mr. Jordan Zweig (Age 53)
Sr. VP & Chief HR Officer

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?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ChampionX in the last year. There are currently 2 hold ratings and 2 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 forecast for 2023?: 4 Wall Street analysts have issued twelve-month price objectives for ChampionX's stock. Their CHX share price forecasts range from $32.00 to $42.00. On average, they expect the company's share price to reach $37.40 in the next twelve months. This suggests a possible upside of 5.0% 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 22.9% and is now trading at $35.62.
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, October 24th 2023.
View our CHX earnings forecast.
How can I listen to ChampionX's earnings call?: ChampionX will be holding an earnings conference call on Wednesday, October 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were ChampionX's earnings last quarter?: ChampionX Co. (NASDAQ:CHX) issued its earnings results on Tuesday, July, 25th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.05. The firm had revenue of $926.60 million for the quarter, compared to analysts' expectations of $976.62 million. ChampionX had a net margin of 6.45% and a trailing twelve-month return on equity of 19.42%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS.
How often does ChampionX pay dividends? What is the dividend yield for ChampionX?: ChampionX announced a quarterly dividend on Sunday, October 1st. Investors of record on Friday, October 6th will be paid a dividend of $0.085 per share on Friday, October 27th. This represents a $0.34 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, October 5th.
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).

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 0.95%. The dividend payout ratio is 27.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHX will have a dividend payout ratio of 15.18% 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 third quarter earnings guidance on Monday, July, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $960.00 million-$990.00 million, compared to the consensus revenue estimate of $1.01 billion.
What is ChampionX's stock symbol?: ChampionX trades on the NASDAQ under the ticker symbol "CHX."
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 $35.62.
How much money does ChampionX make?: ChampionX (NASDAQ:CHX) has a market capitalization of $7.00 billion and generates $3.81 billion in revenue each year. The company earns $154.97 million in net income (profit) each year or $1.23 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 10/2/2023 by MarketBeat.com Staff

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