ChampionX (CHX) to Release Quarterly Earnings on Monday

ChampionX (NASDAQ:CHX) is projected to post its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect ChampionX to post earnings of $0.47 per share and revenue of $942.11 million for the quarter.

ChampionX Stock Down 2.0 %

Shares of ChampionX stock opened at $28.64 on Friday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 17.79 and a beta of 2.36. The stock has a 50-day simple moving average of $28.68 and a 200-day simple moving average of $30.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.20. ChampionX has a 52-week low of $25.57 and a 52-week high of $39.95.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.38 annualized dividend and a dividend yield of 1.33%. ChampionX’s dividend payout ratio (DPR) is 23.60%.

Insider Activity at ChampionX

In related news, insider Deric D. Bryant sold 49,303 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total transaction of $1,482,048.18. Following the completion of the sale, the insider now owns 337,409 shares in the company, valued at $10,142,514.54. This represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

ChampionX Company Profile

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.