ChampionX Corporation (NYSE:CHX) traded at $9.02 at last check on Monday, Sep 14, making an upward move of 1.92% on its previous day’s price.
Looking at the stock we see that its previous close was $8.85 and the beta (5Y monthly) reads 0 with the day’s price range being $8.71 – 9.11. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, CHX has a high of $34.8 and a low of $2.89. The company’s stock has gained about -18.88% over that past 30 days.
ChampionX has a market cap of $1.8 Billion and is expected to release its quarterly earnings report on August 06, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the CHX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year declined at -$0.34 for 2020 and $0.22 for next year. These figures represent -1.34% and at -1.65% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $638.62 Million, with a low of $612.35 Million and a high of $656.6 Million. The median projection represents growth adding up to 107.9% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $1.85 Billion, or +63.9% up from figures reported last year.
On the other hand, looking at the outlook for the CHX stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 12 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the ChampionX Corporation (CHX) stock as a Hold, while 10 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CHX stock currently stands at 0, and the current price level is -10.86% off its SMA20 and -8.73% from its 50-day simple moving average. The RSI (14) is pointing at 36.69 while the volatility over the past week is 6.26% and drops to 4.88% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.53. The average price target for the stock over the next 12 months is $14.6, with the estimates having a low of $12 and a high of $17. These price ends are 33.04% and +88.47% off the current price level respectively, although investors could be excited at the prospect of a +66.3% if the CHX share price touches on the median price of $15.
Let’s briefly compare ChampionX (CHX) stock to its peers. We find that today’s price change of +1.92% and -68.64% over the past 12 months for CHX competes that of Jacobs Engineering Group Inc (J), which has seen its stock price rise 1.33% in the latest trading session and is +3.09% over the last one year. Another of its peers Howmet Aerospace Inc. (HWM) has climbed 3.31% today, but is -11.44% down over the past year, while Quanta Services (PWR) is also up 1.92% yet its price remains in the red at -68.64% over the same period. Jacobs has a P/E ratio of 36.28 compared to ChampionX’s 0 and Howmet’s 18.03. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to ChampionX Corporation (NYSE:CHX), we note that the average 3-month trading volume was 2.72 Million, while that of the preceding 10-day period stands at 1.84 Million. Current shares outstanding are 199.81 Million.