ChampionX (NASDAQ:CHX - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03, Zacks reports. ChampionX had a net margin of 8.81% and a return on equity of 19.84%.
ChampionX Stock Performance
CHX traded down $0.01 during trading on Friday, hitting $28.54. 3,000,588 shares of the company traded hands, compared to its average volume of 3,181,253. The firm has a market cap of $5.45 billion, a P/E ratio of 17.30 and a beta of 2.35. The company has a quick ratio of 1.20, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX has a one year low of $25.57 and a one year high of $39.95. The stock's fifty day moving average is $28.48 and its 200 day moving average is $29.97.
ChampionX Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, January 3rd. ChampionX's dividend payout ratio is presently 23.03%.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered their price target on ChampionX from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, November 14th.
Read Our Latest Report on CHX
ChampionX Company Profile
(
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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.
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