ChampionX
CHX

$28.86

1.74%

Market Cap: $5.5B

About: ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well lifecycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.

Employees: 7,100

Industrials Construction, Mining & Materials Handling Machinery & Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

244% more call options, than puts

Call options by funds: $17.3M | Put options by funds: $5.04M

40% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]

38% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 71

7% more funds holding

Funds holding: 394 [Q1] → 421 (+27) [Q2]

8.96% less ownership

Funds ownership: 102.64% [Q1] → 93.69% (-8.96%) [Q2]

16% less capital invested

Capital invested by funds: $7.03B [Q1] → $5.92B (-$1.11B) [Q2]

37% less repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 157

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$33

14%

upside

Avg. target

$33

14%

upside

High target

$33

14%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Piper Sandler

Luke Lemoine

15% 1-year accuracy

4 / 26 met price target

14%upside

$33

Neutral

Maintained

15 Jul 2024

See Analyst Rankings

Financial journalist opinion

ChampionX Declares Quarterly Dividend

THE WOODLANDS, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company's common stock, par value $0.01 per share, to be paid on October 25, 2024 to shareholders of record on October 4, 2024.

ChampionX Declares Quarterly Dividend

Zacks Investment Research

Here's What Key Metrics Tell Us About ChampionX (CHX) Q2 Earnings

The headline numbers for ChampionX (CHX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About ChampionX (CHX) Q2 Earnings

Zacks Investment Research

ChampionX (CHX) Misses Q2 Earnings and Revenue Estimates

ChampionX (CHX) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.49 per share a year ago.

ChampionX (CHX) Misses Q2 Earnings and Revenue Estimates

ChampionX Reports Second Quarter 2024 Results

THE WOODLANDS, Texas, July 24, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced second quarter of 2024 results. Revenue was $893.3 million, net income attributable to ChampionX was $52.6 million, and adjusted EBITDA was $183.2 million. Income before income taxes margin was 9.3% and adjusted EBITDA margin was 20.5%. Cash from operating activities was $67.6 million and free cash flow was $38.3 million.

ChampionX Reports Second Quarter 2024 Results

Zacks Investment Research

ChampionX (CHX) Buys RMSpumptools, Fortifies Oilfield Technology

ChampionX (CHX) acquires RMSpumptools, enhancing technology and expanding global reach.

ChampionX (CHX) Buys RMSpumptools, Fortifies Oilfield Technology

ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets

THE WOODLANDS, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications.

ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets

SLB, ChampionX get second request from DoJ for proposed $8 bln deal details

Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion acquisition deal for smaller rival ChampionX.

SLB, ChampionX get second request from DoJ for proposed $8 bln deal details

SLB Provides Update on Planned Acquisition of ChampionX

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) today announced that, as expected, it and ChampionX (NASDAQ: CHX) have each received a request for additional information (second request) from the United States Department of Justice (DoJ) in connection with the DoJ's review of SLB's previously announced planned acquisition of ChampionX. SLB currently expects the transaction to close in the fourth quarter of 2024 or the first quarter of 2025, pending regulatory approvals and other cust.

SLB Provides Update on Planned Acquisition of ChampionX

Delta Apparel Announces Delisting From NYSE American

DULUTH, Ga.--(BUSINESS WIRE)--DLA today announced that it received notification that NYSE Regulation has initiated proceedings to delist the Company's common stock . . .

Delta Apparel Announces Delisting From NYSE American

ChampionX Declares Quarterly Dividend

THE WOODLANDS, Texas, May 16, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company's common stock, par value $0.01 per share, to be paid on July 26, 2024 to shareholders of record on July 5, 2024.

ChampionX Declares Quarterly Dividend

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