Championx Stock Today
| CHX Stock | USD 33.57 0.99 2.86% |
Performance14 of 100
| Odds Of DistressLess than 2
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ChampionX is trading at 33.57 as of the 30th of April 2024; that is -2.86 percent decrease since the beginning of the trading day. The stock's open price was 34.56. ChampionX has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for ChampionX are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of March 2024 and ending today, the 30th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 27th of April 2018 |
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. The company has 190.37 M outstanding shares of which 5.9 M shares are currently shorted by investors with about 1.75 days to cover. More on ChampionX
Moving together with ChampionX Stock
| 0.91 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
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| 0.72 | EFXT | Enerflex Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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ChampionX Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ChampionX's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ChampionX or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Sivasankaran Somasundaram | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Ciech S.A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Equipment & Services, Energy, SP Midcap 400, Farming, Machinery, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering ChampionX report their recommendations after researching ChampionX's financial statements, talking to executives and customers, or listening in on ChampionX's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ChampionX. The ChampionX consensus assessment is calculated by taking the average forecast from all of the analysts covering ChampionX. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from ChampionX's financial statements, ChampionX is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of ChampionX is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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ChampionX's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ChampionX's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ChampionX's financial leverage. It provides some insight into what part of ChampionX's total assets is financed by creditors.
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ChampionX (CHX) is traded on NASDAQ Exchange in USA. It is located in Building 4, The Woodlands, TX, United States, 77381 and employs 7,100 people. ChampionX is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ChampionX's market, we take the total number of its shares issued and multiply it by ChampionX's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ChampionX runs under Energy Equipment & Services sector within Energy industry. The entity has 190.37 M outstanding shares of which 5.9 M shares are currently shorted by investors with about 1.75 days to cover.
ChampionX has about 187.47 M in cash with 540.27 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94.
Check ChampionX Probability Of Bankruptcy
Ownership AllocationChampionX retains a total of 190.37 Million outstanding shares. The majority of ChampionX outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in ChampionX to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in ChampionX. Please pay attention to any change in the institutional holdings of ChampionX as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check ChampionX Ownership Details
ChampionX Stock Price Odds Analysis
Based on a normal probability distribution, the odds of ChampionX jumping above the current price in 90 days from now is about 41.59%. The ChampionX probability density function shows the probability of ChampionX stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.091 suggesting ChampionX market returns are sensitive to returns on the market. As the market goes up or down, ChampionX is expected to follow. Additionally, championX has an alpha of 0.2205, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ChampionX to move above the current price in 90 days from now is about 41.59 (This ChampionX probability density function shows the probability of ChampionX Stock to fall within a particular range of prices over 90 days) .
ChampionX Stock Institutional Holders
Institutional Holdings refers to the ownership stake in ChampionX that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ChampionX's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ChampionX's value.| Instituion | Recorded On | Shares | |
| Amvescap Plc. | 2023-12-31 | 3.8 M | |
| Bessemer Group Inc | 2023-12-31 | 3.7 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.4 M | |
| Van Eck Associates Corporation | 2023-12-31 | 3.4 M | |
| Hhg Plc | 2023-12-31 | 3.3 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 2.9 M | |
| Northern Trust Corp | 2023-12-31 | 2.9 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 2.6 M | |
| Gates Capital Management Inc | 2023-12-31 | 2.6 M | |
| Blackrock Inc | 2023-12-31 | 23.8 M | |
| Vanguard Group Inc | 2023-12-31 | 20 M |
ChampionX Historical Income Statement
ChampionX Income Statement is one of the three primary financial statements used for reporting ChampionX's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ChampionX revenue and expense. ChampionX Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ChampionX's Tax Provision is fairly stable compared to the past year. Operating Income is likely to rise to about 531.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 185.5 M in 2024. View More FundamentalsChampionX Stock Against Markets
Picking the right benchmark for ChampionX stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ChampionX stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ChampionX is critical whether you are bullish or bearish towards ChampionX at a given time. Please also check how ChampionX's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ChampionX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ChampionX Corporate Management
Elected by the shareholders, the ChampionX's board of directors comprises two types of representatives: ChampionX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ChampionX. The board's role is to monitor ChampionX's management team and ensure that shareholders' interests are well served. ChampionX's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ChampionX's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gary Luquette | Independent Director | Profile | |
| Stephen Todd | Independent Director | Profile | |
| Mamatha Chamarthi | Independent Director | Profile | |
| Mark Eley | Chemical Technology | Profile | |
| Robert Galloway | President - Drilling Technologies | Profile | |
| Heidi Alderman | Director | Profile |
How to buy ChampionX Stock?
Before investing in ChampionX, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ChampionX. To buy ChampionX stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ChampionX. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ChampionX stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ChampionX stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ChampionX stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ChampionX, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.
Already Invested in ChampionX?
The danger of trading ChampionX is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ChampionX is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ChampionX. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ChampionX is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ChampionX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ChampionX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Championx Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Championx Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.Note that the ChampionX information on this page should be used as a complementary analysis to other ChampionX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for ChampionX Stock analysis
When running ChampionX's price analysis, check to measure ChampionX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.
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Is ChampionX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ChampionX. If investors know ChampionX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ChampionX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.871 | Dividend Share 0.35 | Earnings Share 1.84 | Revenue Per Share 19.216 | Quarterly Revenue Growth (0.03) |
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ChampionX's market value can be influenced by many factors that don't directly affect ChampionX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChampionX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.