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ChampionX Corporation (CHX)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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14.92-0.89 (-5.60%)
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Triple Moving Average Crossover

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Previous Close15.81
Bid0.00 x 2200
Ask0.00 x 1000
Day's Range14.88 - 15.88
52 Week Range2.89 - 27.69
Avg. Volume1,851,696
Market Cap2.982B
Beta (5Y Monthly)3.42
PE Ratio (TTM)N/A
Earnings DateFeb 23, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est18.75
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • GlobeNewswire

    ChampionX Announces CFO Leadership Transition

    THE WOODLANDS, Texas, Jan. 19, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (the “Company” or “ChampionX”) today announced that after a 35-year career in financial leadership roles, Jay A. Nutt is retiring from his position as Senior Vice President and Chief Financial Officer of the Company. Jay will transition from his role as CFO effective February 1, 2021, but will remain with the Company as an advisor through the second quarter of this year to ensure a smooth transition. The Company has appointed Kenneth M. Fisher as Executive Vice President and CFO effective February 1, 2021. “I want to personally thank Jay for his leadership and important contributions to our organization over the last several years as we became a standalone publicly traded company and later completed our successful transformational merger with ChampionX during a challenging period for our energy industry. Jay has been a trusted business partner and I wish him the very best in his next chapter of life,” said Sivasankaran “Soma” Somasundaram, ChampionX’s President and Chief Executive Officer. “It has been a privilege to serve as ChampionX’s CFO and be part of such a purpose-driven company. With ChampionX’s strategic business portfolio, talented leadership team and strong financial position, I am very confident that the Company is well positioned for continued success,” said Mr. Nutt. Mr. Somasundaram continued, “We are very excited about Ken joining our executive team. Ken comes to the CFO role at ChampionX already having a deep understanding of our businesses, strategy, and organization. His extensive business, strategy, and financial management expertise across the global energy value chain coupled with his strong leadership made him an excellent choice as we executed on our succession plans. Ken will be joining at a time of great potential for our business as we reap the benefits of the merger integration and continue strong execution on our operating plans and financial goals.” “I am very excited to join the leadership team of ChampionX. Over the last three years, I have had the privilege of serving on the ChampionX Board of Directors and getting to know Soma and his leadership team. ChampionX is a purpose-driven, industry leading company with exciting opportunities, superior leadership, and a great culture,” said Mr. Fisher. Mr. Fisher served as the Executive Vice President and Chief Financial Officer of Noble Energy Inc., an oil and natural gas exploration and production company, from 2009 until its acquisition by Chevron in October 2020. He also served as Chair of the Board of Noble Midstream Partners (NASDAQ: NBLX) from 2016 until October 2020. Before joining Noble Energy, he served in a number of senior leadership roles at Shell, including as Executive Vice President of Finance for Upstream Americas, Director of Strategy & Business Development for Royal Dutch Shell plc in The Hague, Executive Vice President of Strategy and Portfolio for Global Downstream in London, and Chief Financial Officer of Shell Oil Products U.S. Prior to joining Shell in 2002, Mr. Fisher held senior finance positions within business units of General Electric Company. He has also served on the ChampionX Board of Directors and as Chairman of the Audit Committee of the Board since 2018. Mr. Fisher will resign from the Board effective February 1, 2021. About ChampionX ChampionX (formerly known as Apergy Corporation) is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. ChampionX’s products provide efficient functioning throughout the lifecycle of a well with a focus on the production phase of wells. To learn more about ChampionX, visit our website at www.championX.com. Investor Contact: Byron Popebyron.pope@championx.com281-602-0094 Media Contact: John Breedjohn.breed@championx.com281-403-5751

  • ChampionX Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Schedule

    ChampionX Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Schedule

    THE WOODLANDS, Texas, Jan. 15, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its fourth quarter and full year 2020 operating results on Tuesday, February 23, 2021, after the market closes. The Company has scheduled a conference call for Wednesday, February 24, 2021, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the results. The call will be available by live webcast on ChampionX’s website at www.investors.championx.com or by dialing in as follows:US and Canada:1-888-424-8151 International:1-847-585-4422 Reference:ChampionX conference call number 9069100 Please register for the webcast or dial into the call approximately 15 minutes prior to the scheduled start time.A replay of the conference call will be available for approximately 30 days on ChampionX’s website or at ChampionXFourthQuarter2020CallReplay.   Enter passcode 50078440.About ChampionXChampionX (formerly known as Apergy Corporation) is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. ChampionX’s products provide efficient functioning throughout the lifecycle of a well with a focus on the production phase of wells. To learn more about ChampionX, visit our website at www.championX.com.Investor Contact: Byron Pope – byron.pope@championx.com – 281-602-0094Media Contact: John Breed – john.breed@championx.com – 281-403-3751

  • Goldman Sachs Pulls the Trigger on These 2 Stocks

    Goldman Sachs Pulls the Trigger on These 2 Stocks

    It’s a new year, and a good time to choose new stock to line the portfolio. Investment banking giant Goldman Sachs has been watching the markets with an eye toward the long term – and a finger on pulse of the present. The firm is bullish following the passage of the COVID relief bill last month, seeing the direct income assistance of $600 per person – or $1200 for married couples – as a positive for consumers’ disposable income in the here-and-now.And with consumer spending making up some two-thirds of the US economy, and boost to that metric is seen as good for the whole. Taking the COVID relief checks into account, Goldman Sachs' chief economist, Jan Hatzius, raised his expectations for US economic growth in 1Q21 – bumping his GDP forecast from 3% to 5%.“While the income effects of the fiscal package will be very front-loaded, we expect the impact on consumer spending to be more evenly distributed throughout the year,” Hatzius noted. The economist sees current conditions – with lockdowns in place, as putting something of a damper on immediate spending, but leading to pent-up demand later in the year. With that in mind, Hatzius is predicting sequential gains in Q2 and Q3, and full-year GDP growth of 5.8%, up 9% from his previous estimate.The stock analysts at Goldman are keen to follow Hatzius’ lead, and they’ve been combing the market for stocks that are likely to gain as the markets take a long-term rising trajectory. The firm's analysts are pulling the trigger on two stocks in particular, noting that each has the potential to deliver double-digit gains in the year ahead. We ran the two through TipRanks’ database to see what other Wall Street's analysts have to say about them.17 Education & Technology (YQ)The worldwide pandemic had one effect that could never have been predicted in advance: the sudden shift of schools to mass online classes. Remote office work has been around for a long time, and at the secondary and college levels, schools have had long experience with correspondence courses – but mass online learning, even down to the primary level, had never been attempted. Companies like 17 Education, however, take up the challenge of online learning.17 Education is a Chinese company, dedicated to joining technology with high-quality educational content to create more effective and efficient tutoring services for K-12. The program includes both online and in-classroom solutions – 17 Education bills itself as a full-service educational technology provider.It is also a new company to the financial markets. YQ stock went public just this past December, when trading commenced on the 4th of the month. The IPO opened flat, with shares priced at $10.50, the midpoint of the pre-IPO range. By December 9, the share price had nearly doubled. Since then, however, the stock is down 34% from its peak.Among the bulls is Goldman analyst Christine Cho, who initiated her coverage of YQ with a Buy rating and a $21 price target. This figure indicates a 55% upside for the next 12 months. (To watch Cho’s track record, click here)Cho is bullish on the company’s application of big data systems to analyze and streamline classroom solutions, and sees its unique ‘hybrid’ model of combining in-school and online courses as a net plus. “We see [YQ] translating into two potential advantages for its AST [after school tutoring] business: (1) proprietary school-level insights enabling YQ to develop more localized/customized content, and (2) ability to grow paid enrollments rapidly at a low student acquisition cost — a key challenge in the online AST industry — through penetration of organic in-school MAUs…” The Goldman review is one of two on record for 17 Education; the other is also a Buy, making the consensus view a Moderate Buy. The stock is priced at $13.5, and the $20.50 average price target gives an upside potential of ~52%. (See YQ stock analysis on TipRanks)ChampionX Corporation (CHX)17 Education wasn’t the only new ticker to hit the markets at the height of the pandemic, rather, it was one of many. ChampionX is an oilfield technology company that conducted a major change in 1H20. It’s namesake, ChampionX Holdings, merged with Apergy Corp, with the combined company attaching the ChampionX name to the new partner’s trading history. CHX started trading in June 2020, and in December, the company moved its ticker from the NYSE to the NASDAQ.CHX offers a range of oilfield tech solutions, including such specialized applications as drilling fluid and mud additives, fracturing fluid systems, and well cementing, in addition to drilling technologies. These tech services are essential for the oil producers – that own the wells – to get the product to the surface. The essential nature of the service, plus the generally improving economic conditions, led to a Q3 sequential gain in revenues of 112%. The top line came in at $633 million.Analyst Angie Sedita, who covers this stock for Goldman, sees the company in an advantageous position.“We view ChampionX as a strong oilfield service and equipment provider with a global footprint and favorable product mix. Its primary businesses, chemicals and artificial lift, are exposed to the production phase of the life of a well, thus producing lower earnings cyclicality and stronger through-cycle EBITDA. The recent merger of the two companies completed in Q2-20 (Apergy and ChampionX) should drive market share growth and cross-selling opportunities both in the international and U.S. markets,” Sedita wrote.To this end, Sedita initiated coverage on CHX with a Buy rating and a $21 price target. Her target implies a 20% upside for the next 12 months. (To watch Sedita’s track record, click here)All in all, six of Wall Street’s analysts have reviews CHX shares, and 5 said to Buy against 1 who rated it a Hold. This puts the analyst consensus at a Strong Buy. However, the recent share appreciation has pushed the stock price above the average price target of $17.10. (See CHX stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.