Brokerages Set ChampionX Co. (NASDAQ:CHX) Target Price at $28.80

ChampionX Co. (NASDAQ:CHXGet Rating) has earned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $28.80.

A number of brokerages recently commented on CHX. The Goldman Sachs Group upgraded shares of ChampionX from a “sell” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Tuesday, February 22nd. Piper Sandler upgraded shares of ChampionX from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $30.00 in a research report on Monday, April 11th. Finally, Bank of America cut shares of ChampionX from a “buy” rating to a “neutral” rating in a report on Friday, March 11th.

Shares of CHX opened at $25.18 on Wednesday. ChampionX has a fifty-two week low of $18.26 and a fifty-two week high of $30.48. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 46.63 and a beta of 3.00. The firm has a 50-day simple moving average of $23.38 and a 200-day simple moving average of $23.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.82.

ChampionX (NASDAQ:CHXGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $822.15 million during the quarter, compared to the consensus estimate of $834.63 million. ChampionX had a net margin of 3.68% and a return on equity of 7.34%. During the same quarter last year, the firm earned $0.07 earnings per share. Equities research analysts forecast that ChampionX will post 1.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Friday, April 8th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, April 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.19%. ChampionX’s dividend payout ratio (DPR) is 55.56%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System boosted its position in ChampionX by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 51,165 shares of the company’s stock worth $1,034,000 after acquiring an additional 600 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of ChampionX by 2.9% in the 3rd quarter. Sigma Planning Corp now owns 28,509 shares of the company’s stock valued at $637,000 after purchasing an additional 800 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of ChampionX by 0.6% in the 4th quarter. Amalgamated Bank now owns 136,255 shares of the company’s stock valued at $2,754,000 after purchasing an additional 806 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of ChampionX by 0.6% in the 3rd quarter. Guggenheim Capital LLC now owns 142,064 shares of the company’s stock valued at $3,177,000 after purchasing an additional 811 shares during the last quarter. Finally, Securian Asset Management Inc. boosted its holdings in shares of ChampionX by 5.2% in the 3rd quarter. Securian Asset Management Inc. now owns 18,098 shares of the company’s stock valued at $405,000 after purchasing an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

ChampionX Company Profile (Get Rating)

ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company's 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.

Recommended Stories

Analyst Recommendations for ChampionX (NASDAQ:CHX)

Receive News & Ratings for ChampionX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChampionX and related companies with MarketBeat.com's FREE daily email newsletter.