Will stock surge before Earnings results? ChampionX (NASDAQ:CHX)

Earnings results for ChampionX (NASDAQ:CHX)

ChampionX Corporation is expected* to report earnings on 02/23/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.04. The reported EPS for the same quarter last year was $0.13.

Analyst Opinion on ChampionX (NASDAQ:CHX)

9 Wall Street analysts have issued ratings and price targets for ChampionX in the last 12 months. Their average twelve-month price target is $15.96, predicting that the stock has a possible downside of 12.19%. The high price target for CHX is $21.00 and the low price target for CHX is $11.60. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

ChampionX has received a consensus rating of Buy. The company’s average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $15.96, ChampionX has a forecasted downside of 12.2% from its current price of $18.18. ChampionX has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: ChampionX (NASDAQ:CHX)

ChampionX does not currently pay a dividend. ChampionX does not have a long track record of dividend growth.

Insiders buying/selling: ChampionX (NASDAQ:CHX)

In the past three months, ChampionX insiders have not sold or bought any company stock. Only 0.58% of the stock of ChampionX is held by insiders. 99.47% of the stock of ChampionX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of ChampionX (NASDAQ:CHX

Earnings for ChampionX are expected to grow in the coming year, from ($0.11) to $0.29 per share. The P/E ratio of ChampionX is -1.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of ChampionX is -1.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. ChampionX has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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