ChampionX (NASDAQ:CHX) Releases Earnings Results

ChampionX (NASDAQ:CHX) announced its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03, Zacks reports. ChampionX had a net margin of 8.59% and a return on equity of 19.74%.

ChampionX Stock Performance

ChampionX stock opened at $29.30 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.20 and a current ratio of 1.94. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 18.20 and a beta of 2.35. The stock’s 50 day simple moving average is $28.60 and its two-hundred day simple moving average is $30.07. ChampionX has a fifty-two week low of $25.57 and a fifty-two week high of $39.95.

ChampionX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 3rd were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, January 3rd. ChampionX’s dividend payout ratio (DPR) is currently 23.60%.

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 research note 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.