ChampionX (CHX)

ChampionX (formerly known as Apergy Corporation) is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. ChampionX's products provide efficient functioning throughout the lifecycle of a well with a focus on the production phase of wells.

Company profile

Ticker

CHX

Exchange

NASDAQ

Website

www.championx.com

CEO

Sivasankaran Somasundaram

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Manufacturing > Oil and Gas Field Machinery and Equipment Manufacturing

Industry (SIC)

Construction, Mining & Materials Handling Machinery & Equip

Dover • Paragon • Optimum Source International ...

Former names

Apergy Corp, Wellsite Corp

SEC CIK

0001723089

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Accelerated Production Systems Limited • Ace Downhole, LLC • Apergy (Delaware) Formation, Inc. • Apergy Artificial Lift de México, S. A. de C.V. • Apergy Artificial Lift International, LLC • Apergy Artificial Lift Pty. Ltd • Apergy Artificial Lift S.A. • Apergy Artificial Lift, LLC • Apergy BMCS Acquisition Corp. • Apergy Canada ULC ...

IRS number

823066826

CHX stock data

1M 1Y 5Y

News

From Benzinga Pro

Barclays Maintains Overweight on ChampionX, Raises Price Target to $38

2 May 22

Barclays analyst David Anderson maintains ChampionX (NASDAQ:CHX) with a Overweight and raises the price target from $33 to $38.

Earnings Scheduled For April 26, 2022

26 Apr 22

Companies Reporting Before The Bell • First American Financial (NYSE:FAF) is estimated to report quarterly loss at $0.09 per share on revenue of $46.41 million.

Piper Sandler Upgrades Rating to Overweight for ChampionX, Raises Price Target To $30

11 Apr 22

Piper Sandler upgraded its rating of ChampionX (NASDAQ:CHX) to Overweight with a price target of $30.00, changing its price target from $28.00 to $30.00. Shares of ChampionX are trading down 0.67% over the last 24 hours, at $23.66 per share.

Benzinga's Top Ratings Upgrades, Downgrades For April 11, 2022

11 Apr 22

Piper Sandler Upgrades ChampionX to Overweight, Raises Price Target to $30

11 Apr 22

Press releases

From Benzinga Pro

ChampionX Successfully Closes Debt Refinancing

7 Jun 22

THE WOODLANDS, Texas, June 07, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ:CHX), today announced that it has refinanced its existing credit facilities with a restated senior

ChampionX Declares Quarterly Dividend

12 May 22

THE WOODLANDS, Texas, May 12, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.075 per share on the company's common

US Plan to Increase Domestic Energy While Cutting Emissions is Going to Need a Lot of Help

29 Apr 22

FN Media Group Presents USA News Group News Commentary VANCOUVER, BC, April 29, 2022 /PRNewswire/ -- USA News Group –Soaring gas prices and threats to energy security have forced the US government to embrace domestic

ChampionX Reports First Quarter 2022 Results

26 Apr 22

Magellan Midstream Announces Board Member Retirement and Replacement

22 Apr 22

Analyst ratings and price targets

Last 3 months

Average target

$34.00

Low target

$30.00

High target

$38.00

Calendar

29 Jun 22

31 Dec 22

Financial summary

Financial statements Chart CHX financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	180.61M	180.61M	180.61M	180.61M	180.61M	180.61M
Cash burn (monthly)	24.86M	6.6M	(no burn)	(no burn)	14.38M	(no burn)
Cash used (since last report)	73.74M	19.58M	n/a	n/a	42.65M	n/a
Cash remaining	106.87M	161.03M	n/a	n/a	137.96M	n/a
Runway (months of cash)	4.3	24.4	n/a	n/a	9.6	n/a

Beta Read what these cash burn values mean

Financial data from ChampionX earnings reports.

Recent insider trades

CHX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Jun 22	Jordan Zweig	Common Stock	Payment of exercise	Dispose F	No	No	24.13	473	11.41K	64,100
3 Jun 22	Wright Julia	Common Stock	Payment of exercise	Dispose F	No	No	24.13	985	23.77K	85,624
3 Jun 22	William Jr. O'Dell	Common Stock	Payment of exercise	Dispose F	No	No	24.13	359	8.66K	93,731
3 Jun 22	Raza Syed	Common Stock	Payment of exercise	Dispose F	No	No	24.13	552	13.32K	51,079
3 Jun 22	Antoine Marcos	Common Stock	Payment of exercise	Dispose F	No	No	24.13	237	5.72K	51,465

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CHX institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	319	315	+1.3%
Opened positions	51	48	+6.3%
Closed positions	47	30	+56.7%
Increased positions	116	105	+10.5%
Reduced positions	96	103	-6.8%

13F shares	Current	Prev Q	Change
Total value	4.88B	4.12B	+18.4%
Total shares	205.69M	208.86M	-1.5%
Total puts	182.1K	608.9K	-70.1%
Total calls	448.3K	916.1K	-51.1%
Total put/call ratio	0.4	0.7	-38.9%

Largest owners	Shares	Value	Change
BLK Blackrock	24.5M	$599.79M	+0.5%
Vanguard	19.92M	$487.52M	+0.7%
Capital Ventures International	12.71M	$153.77M	0.0%
TROW T. Rowe Price	8.37M	$205.02M	-1.0%
Van Eck Associates	7.87M	$192.74M	+35.6%
Fred Alger Management	7.43M	$181.99M	-5.1%
STT State Street	7.05M	$172.69M	+9.4%
Gates Capital Management	6.65M	$162.87M	+36.1%
American Century Companies	5.73M	$140.19M	+13.0%
Clearbridge Advisors	4.27M	$104.64M	+11.3%

Largest transactions	Shares	Bought/sold	Change
Boston Partners	1.35M	-6.3M	-82.4%
Norges Bank	0	-5.8M	EXIT
JHG Janus Henderson	2.27M	+2.24M	+5789.2%
Van Eck Associates	7.87M	+2.07M	+35.6%
Deprince Race & Zollo	1.92M	+1.92M	NEW
Gates Capital Management	6.65M	+1.77M	+36.1%
Holocene Advisors	0	-1.75M	EXIT
Loomis Sayles & Co L P	3.02M	+1.34M	+79.3%
Paradice Investment Management	3.32M	-1.32M	-28.4%
GS Goldman Sachs	3.01M	-1.09M	-26.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.