The stock of ChampionX Corp. (NASDAQ:CHX) last traded at $39.00, down -0.20% from the previous session.
CHX stock price is now 26.12% away from the 50-day moving average and 21.80% away from the 200-day moving average. The market capitalization of the company currently stands at $7.45B.
With the price target reduced from $38 to $32, Piper Sandler Downgraded its rating from Overweight to Neutral for ChampionX Corp. (NASDAQ: CHX). On October 17, 2023, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $33 to quote $42, while ‘CapitalOne’ rates the stock as ‘Overweight’
In other news, O’Dell William Jr., insider sold 27,178 shares of the company’s stock on Mar 28 ’24. The stock was sold for $978,408 at an average price of $36.00. Upon completion of the transaction, the insider now directly owns 57,748 shares in the company, valued at $2.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03 ’23, Bryant Deric D. sold 6,540 shares of the business’s stock. A total of $229,014 was realized by selling the stock at an average price of $35.02. This leaves the insider owning 298,619 shares of the company worth $11.65 million. A total of 1.01% of the company’s stock is owned by insiders.
During the past 12 months, ChampionX Corp. has had a low of $24.98 and a high of $39.28. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.82, and a quick ratio of 1.15. According to the stock market information, the enterprise value for the company is $7.84B, which is based on a 24.79 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 2.45. The fifty day moving average price for CHX is $31.40 and a two-hundred day moving average price translates $32.18 for the stock.
The latest earnings results from ChampionX Corp. (NASDAQ: CHX) was released for Dec, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.44, inline with analysts’ expectations of $0.44. This compares to $0.32 EPS in the same period last year. The net profit margin was 8.36% and return on equity was 18.64% for CHX. The company reported revenue of $943.55 million for the quarter, compared to $985.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.29 percent. For the current quarter, analysts expect CHX to generate $922.23M in revenue.
