ChampionX (CHX) to Release Earnings on Monday

ChampionX (NASDAQ:CHX - Get Free Report) is expected to post its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect ChampionX to post earnings of $0.47 per share and revenue of $942,107.86 billion for the quarter.

ChampionX Stock Performance

Shares of NASDAQ:CHX traded up $0.19 on Monday, reaching $30.24. 2,247,968 shares of the company's stock were exchanged, compared to its average volume of 3,083,173. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 18.78 and a beta of 2.36. ChampionX has a twelve month low of $25.57 and a twelve month high of $39.95. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $28.84 and a 200-day moving average of $30.30.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 3rd will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, January 3rd. ChampionX's dividend payout ratio is presently 23.60%.

Insider Activity

In other news, insider Deric D. Bryant sold 49,303 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total value of $1,482,048.18. Following the sale, the insider now directly owns 337,409 shares of the company's stock, valued at $10,142,514.54. The trade was a 12.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.38% of the company's stock.

Analyst Ratings Changes

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

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.