ChampionX (CHX) to Release Earnings on Monday

ChampionX (NASDAQ:CHX) is anticipated to issue its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $0.47 per share and revenue of $942,107.86 billion for the quarter.

ChampionX Stock Up 0.4 %

Shares of NASDAQ:CHX opened at $30.05 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.20. The business has a 50 day simple moving average of $28.84 and a two-hundred day simple moving average of $30.30. ChampionX has a 1 year low of $25.57 and a 1 year high of $39.95. The firm has a market capitalization of $5.72 billion, a PE ratio of 18.66 and a beta of 2.36.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, January 3rd. ChampionX’s dividend payout ratio is currently 23.60%.

Analysts Set New Price Targets

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

Insider Transactions at ChampionX

In related news, insider Deric D. Bryant sold 49,303 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total value of $1,482,048.18. Following the transaction, the insider now directly owns 337,409 shares of the company’s stock, valued at $10,142,514.54. This represents a 12.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.38% of the company’s stock.

About ChampionX

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.