ChampionX Co. (NASDAQ:CHX – Get Free Report) declared a quarterly dividend on Wednesday, July 3rd, Zacks reports. Investors of record on Friday, July 5th will be paid a dividend of 0.095 per share on Friday, July 26th. This represents a $0.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, July 5th.
ChampionX has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ChampionX to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 16.7%.
ChampionX Price Performance
Shares of CHX stock opened at $33.37 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.35. ChampionX has a 12-month low of $25.46 and a 12-month high of $39.95. The firm has a fifty day moving average of $32.85 and a 200-day moving average of $31.90. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.38 and a beta of 2.41.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on CHX shares. Citigroup lifted their price target on shares of ChampionX from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Barclays upped their target price on shares of ChampionX from $39.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Piper Sandler lifted their price target on ChampionX from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.33.
Check Out Our Latest Stock Analysis on CHX
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.
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