In a report released today, Luke Lemoine from Piper Sandler maintained a Hold rating on ChampionX (CHX – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $26.57.
According to TipRanks, Lemoine is an analyst with an average return of -3.0% and a 36.54% success rate. Lemoine covers the Energy sector, focusing on stocks such as Helmerich & Payne, Baker Hughes Company, and Core Laboratories.
Currently, the analyst consensus on ChampionX is a Moderate Buy with an average price target of $35.17.
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Based on ChampionX’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $939.78 million and a net profit of $77.71 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $23.07 million
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ChampionX (CHX) Company Description:
Apergy Corp. provides engineered equipment and technologies that help companies drill for and produce oil and gas. It operates through the following two segments: Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment consists of including rod pumping systems, electric submersible pump systems, progressive cavity pumps, drive systems and plunger lifts, as well as a full automation and digital offering consisting of equipment, software and industrial Internet of Things solutions for downhole monitoring, wellsite productivity enhancement and asset integrity management. The Drilling Technologies segment provides polycrystalline diamond cutters and bearings. The company was founded on October 10, 2017 and is headquartered in The Woodlands, TX.
Read More on CHX:
- ChampionX Boosts Buyback Program, Increases Dividend Payout
- ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Dividend by 12%
- ChampionX Corporation (CHX) Q4 Earnings Cheat Sheet
- ChampionX downgraded to Neutral from Overweight at Piper Sandler
- ChampionX price target lowered to $37 from $40 at Citi
