ChampionX Corporation Buyback
OLI recorded this information on 3/7/2022
Company:
ChampionX Corporation
Buyback:
CHX buyback
$Amount Authorized:
$250,000,000
Buyback Details:
ChampionX Corporation (NASDAQ: CHX) ("ChampionX" or the "Company") today announced that its Board of Directors has approved a new $250 million share repurchase program ("2022 Share Repurchase Program"). Under the 2022 Share Repurchase Program, shares of the Company's common stock may be repurchased periodically, including in the open market or privately negotiated transactions. The actual timing, manner, number, and value of shares repurchased under the program will depend on a number of factors, including the availability of excess free cash, the market price of the Company's common stock, general market and economic conditions, applicable requirements, and other business considerations.
ChampionX is a provider of engineered equipment and technologies. Co. has four reportable segments: Production Chemical Technologies, which provides products and services that cover a range of onshore and offshore chemical solutions in production and midstream operations; Production and Automation Technologies, which provides products, technologies, and services that facilitate the extraction of oil and gas through artificial lift and digital automation applications; Drilling Technologies, which provides polycrystalline diamond cutter inserts, bearings, valves, and mining tools; and Reservoir Chemical Technologies, which provides chemistry-oriented solutions and technologies.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CHX Stock Forecast Based on Zacks ABR data; powered by Xignite |
