ChampionX
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
279% more call options, than puts
Call options by funds: $16.3M | Put options by funds: $4.31M
14% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 8 (+1) [Q3]
4% less funds holding
Funds holding: 424 [Q2] → 407 (-17) [Q3]
4.6% less ownership
Funds ownership: 95.51% [Q2] → 90.91% (-4.6%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 156
14% less capital invested
Capital invested by funds: $6.03B [Q2] → $5.21B (-$817M) [Q3]
21% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 56
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$40
28%
upside
Avg. target
$40
28%
upside
High target
$40
28%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Citigroup Scott Gruber 53% 1-year accuracy 36 / 68 met price target | 28%upside $40 | Buy Maintained | 14 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
5 days ago
Is ChampionX (CHX) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
6 days ago
Wall Street Analysts Believe ChampionX (CHX) Could Rally 54.26%: Here's is How to Trade
The consensus price target hints at a 54.3% upside potential for ChampionX (CHX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Neutral
GlobeNewsWire
2 months ago
ChampionX Declares Quarterly Dividend
THE WOODLANDS, Texas, Nov. 15, 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 January 31, 2025 to shareholders of record on January 3, 2025.
Neutral
GlobeNewsWire
2 months ago
ChampionX Wins Golden Peacock Award for Global Sustainability
THE WOODLANDS, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) is honored to have received a Golden Peacock Global Award for Sustainability. This esteemed accolade, conferred by the Institute of Directors (IOD) in India, underscores our commitment to excellence in the various sectors where we operate and highlights our dedication to sustainable practices.
Neutral
GlobeNewsWire
2 months ago
ChampionX Reports Third Quarter 2024 Results
THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operating activities was $141.3 million and free cash flow was $108.1 million.
Neutral
GlobeNewsWire
3 months ago
ChampionX Publishes 2023 Sustainability Report
THE WOODLANDS, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announces the release of its 2023 corporate sustainability report.
Neutral
GlobeNewsWire
5 months ago
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.
Positive
Zacks Investment Research
5 months ago
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.
Negative
Zacks Investment Research
5 months ago
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.
Neutral
GlobeNewsWire
5 months ago
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.
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