ChampionX (CHX) Stock Price, News & Analysis

Company Overview

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. The Production Chemical Technologies segment offers onshore, offshore, and oil sands 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 digital automation solutions, and other production equipment and emissions monitoring solutions, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, methane 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, nozzles, and mining tools used in oil and gas drill bits under the US Synthetic brand; 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, drilling, cementing, acidizing additives. The company was founded in 1882 and is headquartered in The Woodlands, Texas.

Key Stats

• Today's Range: $25.57 to $26.26
• 50-Day Range: $25.79 to $31.90
• 52-Week Range: $25.46 to $39.95
• Volume: 4.69 million shs
• Average Volume: 1.85 million shs
• Market Capitalization: $4.91 billion
• P/E Ratio: 16.02
• Dividend Yield: 1.47%
• Price Target: $41.33
• Consensus Rating: Moderate Buy

ChampionX Stock Analysis - MarketRank™

ChampionX scored higher than 88% of companies evaluated by MarketBeat, and ranked 20th out of 99 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ChampionX has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

ChampionX has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 14.46%

Earnings Growth

Earnings for ChampionX are expected to grow by 14.46% in the coming year, from $1.66 to $1.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ChampionX is 16.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of ChampionX is 16.02, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 27.66.

Price to Book Value per Share Ratio

ChampionX has a P/B Ratio of 2.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.62% 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 4.

Change versus previous month

Short interest in ChampionX has recently decreased by 7.69%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

ChampionX pays a meaningful dividend of 1.33%, 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 23.60%. 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 20.00% next year. This indicates that ChampionX will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.62% 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 4.

Change versus previous month

Short interest in ChampionX has recently decreased by 7.69%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.59

News Sentiment

ChampionX has a news sentiment score of 1.59. 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 0.79 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for ChampionX this week, compared to 5 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 0% compared to the previous 30 days.

MarketBeat Follows

5 people have added ChampionX to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $1,482,048.00 in company stock.

Percentage Held by Insiders

Only 1.38% 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.

CHX Stock Analysis - Frequently Asked Questions

How have CHX shares performed this year?

ChampionX's stock was trading at $29.21 at the beginning of 2024. Since then, CHX stock has decreased by 11.7% and is now trading at $25.79.
View the best growth stocks for 2024 here.

How were ChampionX's earnings last quarter?

ChampionX Co. (NASDAQ:CHX) issued its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.01. ChampionX's revenue was down 3.5% compared to the same quarter last year.

Who are ChampionX's major shareholders?

ChampionX's top institutional investors include State Street Corp (3.90%), Geode Capital Management LLC (2.42%), Westchester Capital Management LLC (1.48%) and Van ECK Associates Corp (1.38%). Insiders that own company stock include Sivasankaran Somasundaram, Deric D Bryant, Paul E Mahoney, Julia Wright, William Jr O'dell, Antoine Marcos 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ChampionX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ChampionX investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

• Ex-Dividend for 10/25 Dividend: 10/04/2024
• Last Earnings: 10/23/2024
• Dividend Payable: 10/25/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/31 Dividend: 1/03/2025
• Dividend Payable: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Construction, mining, & materials handling machinery & equipment
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:CHX
• CUSIP: N/A
• CIK: 1723089
• Web: www.championx.com
• Phone: (281) 403-5772
• Fax: N/A
• Employees: 7,100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $41.33
• High Stock Price Target: $51.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +60.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.61
• Trailing P/E Ratio: 16.02
• Forward P/E Ratio: 15.54
• P/E Growth: N/A
• Net Income: $314.24 million
• Net Margins: 8.59%
• Pretax Margin: 11.97%
• Return on Equity: 19.74%
• Return on Assets: 10.27%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 1.94
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $3.67 billion
• Price / Sales: 1.34
• Cash Flow: $2.74 per share
• Price / Cash Flow: 9.42
• Book Value: $8.70 per share
• Price / Book: 2.96

Miscellaneous

• Outstanding Shares: 190,500,000
• Free Float: 187,871,000
• Market Cap: $4.91 billion
• Optionable: Optionable
• Beta: 2.38