Capital One Financial Lifts Earnings Estimates for ChampionX

ChampionX Co. (NASDAQ:CHX - Free Report) - Investment analysts at Capital One Financial raised their Q1 2025 earnings estimates for ChampionX in a research note issued to investors on Wednesday, February 5th. Capital One Financial analyst D. Becker now expects that the company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.35. The consensus estimate for ChampionX's current full-year earnings is $1.92 per share. Capital One Financial also issued estimates for ChampionX's Q2 2025 earnings at $0.43 EPS.

Separately, Citigroup dropped their target price on shares of ChampionX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th.

ChampionX Trading Up 2.0 %

CHX traded up $0.58 during trading on Monday, reaching $29.74. The company had a trading volume of 1,955,937 shares, compared to its average volume of 3,059,477. The firm's 50-day simple moving average is $28.41 and its 200 day simple moving average is $29.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.99. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 18.02 and a beta of 2.35. ChampionX has a 12-month low of $25.57 and a 12-month high of $39.95.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%.

Institutional Trading of ChampionX

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of ChampionX by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock valued at $542,830,000 after buying an additional 227,627 shares during the last quarter. State Street Corp grew its position in ChampionX by 1.7% in the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock worth $223,776,000 after acquiring an additional 122,622 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock worth $139,239,000 after purchasing an additional 63,119 shares during the last quarter. Westchester Capital Management LLC raised its holdings in shares of ChampionX by 67.8% during the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company's stock valued at $85,268,000 after purchasing an additional 1,142,628 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of ChampionX in the 4th quarter valued at $74,032,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 3rd were given a dividend of $0.095 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. ChampionX's payout ratio is presently 23.03%.

ChampionX Company Profile

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.