ChampionX (CHX) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ChampionX in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CHX shares.
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6 Wall Street research analysts have issued twelve-month price targets for ChampionX's stock. Their CHX share price targets range from $32.00 to $51.00. On average, they anticipate the company's share price to reach $40.33 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
View analysts price targets for CHX or view top-rated stocks among Wall Street analysts.

ChampionX's stock was trading at $29.21 at the start of the year. Since then, CHX shares have increased by 26.5% and is now trading at $36.94.
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ChampionX saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,810,000 shares, a decline of 10.4% from the March 15th total of 8,720,000 shares. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 4.1% of the company's shares are short sold.
View ChampionX's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CHX earnings forecast.

ChampionX Co. (NASDAQ:CHX) posted its quarterly earnings data on Tuesday, February, 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company earned $943.56 million during the quarter, compared to analysts' expectations of $947.33 million. ChampionX had a net margin of 8.36% and a trailing twelve-month return on equity of 20.14%. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share.

ChampionX declared a quarterly dividend on Wednesday, April 3rd. Stockholders of record on Friday, April 5th will be given a dividend of $0.095 per share on Friday, April 26th. This represents a $0.38 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for CHX.

ChampionX (NASDAQ:CHX) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.02%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHX will have a dividend payout ratio of 15.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHX.

ETFs with the largest weight of ChampionX (NASDAQ:CHX) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Direxion Daily Oil Services Bull 2X Shares (ONG), ProShares Merger ETF (MRGR), Invesco Dorsey Wright Energy Momentum ETF (PXI) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF).

ChampionX updated its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $908.0 million-$938.0 million, compared to the consensus revenue estimate of $922.6 million.

ChampionX's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (2.09%), FCF Advisors LLC (0.02%), Park Avenue Securities LLC (0.02%), Ballentine Partners LLC (0.00%) and Rise Advisors LLC (0.00%). Insiders that own company stock include Antoine Marcos, Deric D Bryant, Julia Wright, Paul E Mahoney, Sivasankaran Somasundaram, Stephen M Todd and William Jr O'dell.
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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.
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