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Saturday, June 3, 2023

Is ChampionX Corporation (NASDAQ: CHX) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for ChampionX Corporation (CHX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.25, or -0.95%, to $26.13. The ChampionX Corporation has recorded 33,924 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ChampionX Declares Quarterly Dividend.

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Stocks Info

ChampionX Corporation is listed on the NASDAQ in the Energy sector while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $26.38 and fluctuated between $26.74 as its day high and $25.87 as its day low. The current market capitalization of ChampionX Corporation is $5.34B. A total of 0.95 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CHX has seen 10 BUY and 20 SELL insider trades, representing the acquisition of 191,641 and the disposition of 61,078 shares. Over the last 12 months, there were 28 BUYs and 53 SELLs from insiders. Insiders purchased 652,334 shares during that period but sold 619,191.

In the most recent transaction, Mahoney Paul E sold 1,171 shares of CHX for 31.29 per share on Feb 13. After the transaction, the insider now owns 119,816 company shares. In a previous transaction on Jan 09, Marcos Antoine sold 146,955 shares at 30.00 per share. CHX shares that VP, Corp Controller, CAO owns now total 42,380.

Among the insiders who sold shares, Todd Stephen M. disposed of 3,097 shares on Nov 30 at a per-share price of $30.60. This resulted in the Director holding 30,888 shares of CHX after the transaction. In another insider transaction, Somasundaram Sivasankaran sold 4,872 shares at $32.48 per share on Nov 11. Company shares held by the President & CEO now total 373,728.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. ChampionX Corporation pays an annual dividend of $0.34, resulting in a dividend yield of 1.29%, and it has a price to earnings (P/E) ratio of 29.71. CHX’s most recent ex-dividend date was 7/6/2023 when it declared a $0.0850 quarterly dividend that was paid in cash on 7/28/2023. Previously, the company paid the dividend on 4/28/2023 with an ex-dividend date of 4/5/2023. The CHX stock dividend was $0.0850 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CHX in the last 3 months, the mean price target is $35.56 with high estimates of $40.00 and low estimates of $32.00. In terms of 52-week highs and lows, CHX has a high of $33.65 and a low of $16.64.

As of this writing, CHX has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.38. The company reported an EPS of $0.43 in the last quarter, which was 7.50% higher than expectations of $0.4.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CHX’s latest balance sheet shows that the firm has $251.68M in Cash & Short Term Investments as of fiscal 2021. There were $724.51M in debt and $802.33M in liabilities at the time. Its Book Value Per Share was $8.52, while its Total Shareholder’s Equity was $1.75B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHX is Buy with a score of 4.50.

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