CHX

ChampionX Corporation

Industrial/Transportation


Presented:01/12/2023
Price:$31.85
Cap:$6.35B
Current Price:$30.63
Cap:$5.84B

Presented

Date01/12/2023
Price$31.85
Market Cap$6.35B
Ent Value$4.57B
P/E Ratio50.84x
Book Value$8.58
Div Yield0.94%
Shares O/S199.36M
Ave Daily Vol1,859,100
Short Int3.67%

Current

Price$30.63
Market Cap$5.84B
ChampionX Corp. engages in the provision of chemistry programs and services for global upstream oil and natural gas industry. It operates under the following segments: Production Chemical Technologies, Production and Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers products and services that cover a broad range of onshore and offshore chemical solutions in production and midstream operations. The Production and Automation Technologies focuses on offering products, technologies, and services that facilitate the safe, efficient, and cost-effective extraction of oil and gas through artificial lift and digital automation applications. The Drilling Technologies provides polycrystalline diamond cutter (“PDC”) inserts, bearings, valves, and mining tools. The Reservoir Chemical Technologies consists of the provision of chemistry-oriented solutions and technologies. The company was founded in 1928 and is headquartered in The Woodlands, TX.

Publicly traded companies mentioned herein: Acuity Brands (AYI), and CEMEX (CX), ChampionX (CHX), Eagle Materials (EXP), EMCOR Group (EME), KBR (KBR), Rayonier (RYN), Toll Brothers (TOL), TopBuild (BLD), Trex (TREX), UFP Industries (UFPI).

Highlights

The presenter is long on the shares of ChampionX, a global oilfield service provider of chemicals, which enhance well production and improve customer cash flow over the life cycle of a well. CHX also provides engineered equipment and technologies which can provide artificial lift that improves downhole pressure to increase oil production; as well as drill bit inserts for oil and gas drilling. The Company’s highly engineered equipment and technologies help companies drill for and produce oil and gas safely, efficiently and sustainably around the world. As such, the presenter sees the opportunity for earnings to double over the next couple of years as the company benefits from growth, price mix and accretive M&A.

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