There Is A Quest For Clarity Surrounding ChampionX Corp. (NASDAQ: CHX) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Dividend by 12%.

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Stocks Info

This NASDAQ-listed company operates within the Oil & Gas Equipment & Services industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $29.08 and fluctuated between $29.21 as its day high and $28.63 as its day low. The current market capitalization of ChampionX Corp. is $5.66B. A total of 1.54 million shares were traded on the day, compared to an average of 1.52M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CHX has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 32,596 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 50 SELLs from insiders. Insiders purchased 477,435 shares during that period but sold 465,616.

In the most recent transaction, Bryant Deric D. sold 6,540 shares of CHX for 35.02 per share on Oct 03. After the transaction, the insider now owns 298,619 company shares. In a previous transaction on Oct 02, Bryant Deric D. sold 12,232 shares at 35.24 per share. CHX shares that the insider owns now total 305,159.

Among the insiders who sold shares, Bryant Deric D. disposed of 18,772 shares on Sep 01 at a per-share price of $37.07. This resulted in the insider holding 317,391 shares of CHX after the transaction. In another insider transaction, Bryant Deric D. sold 18,771 shares at $35.39 per share on Aug 01. Company shares held by the insider now total 336,163.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. ChampionX Corp. pays an annual dividend of $0.39, resulting in a dividend yield of 1.33%, and it has a price to earnings (P/E) ratio of 18.49. CHX’s most recent ex-dividend date was 4/4/2024 when it declared a $0.0950 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 1/4/2024. The CHX stock dividend was $0.0850 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CHX in the last 3 months, the mean price target is $36.60 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 $38.37 and a low of $23.66.

As of this writing, CHX has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.45 per share and a lower estimate of $0.39. The company reported an EPS of $0.41 in the last quarter, which was -18.00% lower than expectations of $0.5.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CHX’s latest balance sheet shows that the firm has $251.68M in Cash & Short Term Investments as of fiscal 2021. There were $834.42M in debt and $802.33M in liabilities at the time. Its Book Value Per Share was $8.77, while its Total Shareholder’s Equity was $1.75B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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