Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
ChampionX Corporation Market Cap
The ChampionX Corporation (CHX) share price is expected to increase by 45.69% over the next year. This is based on calculating the average 12-month share price estimate provided by 8 stock analysts who have covered CHX. Price targets range from $34 at the low end to $51 at the high end. The current analyst consensus for CHX is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 8 Wall Street analysts have assignedCHX 8 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect ChampionX Corporation to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CHX. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CHX.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Scott Gruber Citigroup | Buy | $40 | Maintains | Nov 14, 2024 |
| Luke Lemoine Piper Sandler | Neutral | $33 | Maintains | Jul 15, 2024 |
| Luke Lemoine Piper Sandler | Neutral | $40 | Maintains | Apr 8, 2024 |
| David Anderson Barclays | Overweight | $51 | Maintains | Apr 4, 2024 |
| Scott Gruber Citigroup | Buy | $40 | Maintains | Mar 27, 2024 |
| Ian Macpherson Piper Sandler | Neutral | $32 | Downgrade | Jan 8, 2024 |
| Neil Mehta Goldman Sachs | Neutral | $32 | Maintains | Nov 14, 2023 |
| Luke Lemoine Piper Sandler | Overweight | $38 | Maintains | Oct 27, 2023 |
| Stephen Gengaro Stifel | Buy | $39 | Maintains | Oct 26, 2023 |
| David Anderson Barclays | Overweight | Upgrade | Oct 17, 2023 | |
| Scott Gruber Citigroup | Buy | $42 | Maintains | Jul 26, 2023 |
| Douglas Becker Capital One | Overweight | $40 | Initiates | Jul 14, 2023 |
| Scott Gruber Citigroup | Buy | $40 | Reiterates | Jun 28, 2023 |
| Scott Gruber Citigroup | Buy | $40 | Maintains | Apr 5, 2023 |
| Neil Mehta Goldman Sachs | Neutral | $32 | Maintains | Nov 2, 2022 |
| Scott Gruber Citigroup | Buy | $34 | Maintains | Nov 1, 2022 |
| David Anderson Barclays | Equal-Weight | $28 | Downgrade | Oct 6, 2022 |
| Doug Becker Benchmark | Buy | $32 | Initiates | Aug 25, 2022 |
B of A Securities | Buy | Upgrade | Jul 15, 2022 | |
| Neil Mehta Goldman Sachs | Neutral | $21 | Maintains | Jul 13, 2022 |
When did it IPO
2019
Staff Count
7,100
Country
United States
Sector/Industry
Energy/Oil & Gas Equipment & Services
CEO
Mr. Sivasankaran Somasundaram
Market Cap
$5.50B
In 2023, CHX generated $3.76B in revenue, which was a decrease of -1.25% from the previous year. This can be seen as a signal that CHX's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 15 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ChampionX Corporation (Nasdaq: CHX) will pay a quarterly dividend of $0.095 per share on January 31, 2025, to shareholders of record as of January 3, 2025.
Why It Matters - ChampionX's quarterly dividend declaration signals financial stability and commitment to returning value to shareholders, potentially attracting income-focused investors and influencing stock demand.
Thu, 14 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ChampionX Corporation (NASDAQ: CHX) received the Golden Peacock Global Award for Sustainability, recognizing its commitment to sustainable practices across its operations.
Why It Matters - ChampionX's Golden Peacock Global Award for Sustainability enhances its reputation, potentially attracting investors focused on ESG criteria and boosting long-term growth prospects.
Wed, 23 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ChampionX Corporation reported Q3 2024 revenue of $906.5 million, net income of $72.0 million, and adjusted EBITDA of $197.5 million, with margins of 11.2% and 21.8%, respectively. Free cash flow was $108.1 million.
Why It Matters - ChampionX's strong Q3 results, with significant revenue and margins, indicate robust operational performance and cash flow, reflecting potential for growth and shareholder returns.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ChampionX Corporation (Nasdaq: CHX) has released its 2023 corporate sustainability report as of September 25, 2024.
Why It Matters - ChampionX's sustainability report could signal commitment to environmental, social, and governance (ESG) practices, potentially attracting ESG-focused investors and influencing stock performance.
Wed, 24 Jul 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ChampionX Corporation (NASDAQ: CHX) reported Q2 2024 revenue of $893.3M, net income of $52.6M, and adjusted EBITDA of $183.2M. Operating cash flow was $67.6M, with free cash flow at $38.3M.
Why It Matters - ChampionX's strong Q2 2024 results, including significant revenue and free cash flow, indicate financial health and growth potential, which could positively influence investor sentiment and stock performance.
Wed, 24 Jul 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - ChampionX (CHX) reported Q3 earnings of $0.37 per share, below the Zacks Consensus Estimate of $0.45 and down from $0.49 per share year-over-year.
Why It Matters - ChampionX's earnings miss and decline from the previous year may signal weakening performance, potentially impacting stock price and investor sentiment.
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