ChampionX (NASDAQ:CHX – Get Free Report) announced its earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01), Briefing.com reports. The business had revenue of $906.53 million for the quarter, compared to the consensus estimate of $916.50 million. ChampionX had a net margin of 8.66% and a return on equity of 19.72%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share.
ChampionX Trading Up 1.0 %
NASDAQ CHX traded up $0.29 during trading hours on Friday, hitting $29.32. 1,713,427 shares of the company were exchanged, compared to its average volume of 1,867,729. The stock has a market cap of $5.58 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.27 and a beta of 2.37. ChampionX has a 52 week low of $25.46 and a 52 week high of $39.95. The stock has a 50-day moving average price of $30.53 and a 200 day moving average price of $32.34. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.34.
ChampionX Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, October 4th. ChampionX’s payout ratio is 20.65%.
Analysts Set New Price Targets
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.
See Also
- Five stocks we like better than ChampionX
- Options Trading – Understanding Strike Price
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The How And Why of Investing in Oil Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Profitably Trade Stocks at 52-Week Highs
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for ChampionX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChampionX and related companies with MarketBeat.com's FREE daily email newsletter.