Skip to Content

ChampionX Corp CHX

Morningstar Rating
$30.92 −0.73 (2.29%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

ChampionX's Impending Acquisition by SLB Remains Good Outcome for Shareholders

ChampionX is a diversified oilfield-services firm providing specialty chemicals solutions and artificial lift services for oil and gas development and production. It also manufactures polycrystalline diamond cutter inserts for drilling and mining rigs. About two thirds of ChampionX’s overall business involves specialty chemicals. The firm is one of the largest specialty chemicals providers in oilfield services: ChampionX and Baker Hughes together control roughly half of the global market.

Price vs Fair Value

CHX is trading within a range we consider fairly valued.
Price
$31.73
Fair Value
$48.00
Uncertainty
High
1-Star Price
$84.30
5-Star Price
$55.20
Economic Moat
Hwtv
Capital Allocation
Zcycnhll

Bulls Say, Bears Say

Bulls

Increased focus on production optimization will drive demand for specialty chemicals and artificial lift services, ChampionX's two core competencies.

Bears

Rampant product commoditization throughout the oilfield-services industry will prevent ChampionX from developing and maintaining a competitive advantage.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if CHX is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$31.64
Day Range
$30.6631.58
52-Week Range
$25.5739.84
Bid/Ask
$30.91 / $30.92
Market Cap
$5.88 Bil
Volume/Avg
1.3 Mil / 2.3 Mil

Key Statistics

Price/Earnings (Normalized)
17.20
Price/Sales
1.68
Dividend Yield (Trailing)
1.10%
Dividend Yield (Forward)
1.20%
Total Yield
5.86%

Company Profile

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well lifecycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Small Core
Total Number of Employees
7,100

Competitors

Valuation

Metric
CHX
SLB
HAL
Price/Earnings (Normalized)
17.2014.4610.84
Price/Book Value
3.523.103.17
Price/Sales
1.681.901.34
Price/Cash Flow
10.509.248.24
Price/Earnings
CHX
SLB
HAL

Financial Strength

Metric
CHX
SLB
HAL
Quick Ratio
1.050.881.30
Current Ratio
1.821.322.12
Interest Coverage
8.7711.305.98
Quick Ratio
CHX
SLB
HAL

Profitability

Metric
CHX
SLB
HAL
Return on Assets (Normalized)
13.85%9.54%11.75%
Return on Equity (Normalized)
26.86%22.91%31.52%
Return on Invested Capital (Normalized)
21.17%14.48%18.09%
Return on Assets
CHX
SLB
HAL
See how this stock stacks up to its competitors with Morningstar Investor

Oil & Gas Equipment & Services Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Schlumberger Ltd
SLB
PdhlslcvtTvstdc$63.9 Bil
Baker Hughes Co Class A
BKR
CccytqrlDbtz$32.2 Bil
Halliburton Co
HAL
RmcfdcxyzGsrng$30.5 Bil
Tenaris SA ADR
TS
PkqnhrkWvvg$18.2 Bil
TechnipFMC PLC
FTI
QkbcnzwlDsbq$10.6 Bil
Weatherford International PLC Ordinary Shares - New
WFRD
GtfmLfftj$8.3 Bil
NOV Inc
NOV
CkghjlztGffx$7.1 Bil
Liberty Energy Inc Class A
LBRT
YdpyhbwwPsxv$3.8 Bil
Expro Group Holdings NV
XPRO
CfkdgnxTcwk$2.4 Bil

Sponsor Center