ChampionX Co. (NASDAQ:CHX) to Issue Quarterly Dividend of $0.10

ChampionX Co. (NASDAQ:CHX) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.095 per share on Friday, April 25th. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, April 4th.

ChampionX has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings.

ChampionX Stock Down 1.8 %

Shares of NASDAQ:CHX traded down $0.54 on Friday, hitting $29.67. 1,704,408 shares of the company’s stock were exchanged, compared to its average volume of 2,958,664. The firm’s 50-day moving average is $28.49 and its 200 day moving average is $29.75. The company has a market capitalization of $5.66 billion, a PE ratio of 17.98 and a beta of 2.35. ChampionX has a 1-year low of $25.57 and a 1-year high of $39.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Sell-side analysts predict that ChampionX will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their target price on ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

About ChampionX

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.