ChampionX Corp
CHX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Nxbjb | Ymwnysz |
Launching Coverage of ChampionX With No Moat and Stable Trend; Shares Fairly Valued at $23
We’re launching coverage of ChampionX with a fair value estimate of $23. ChampionX is one of the largest providers of specialty chemical solutions for oil and gas production. It also offers artificial lift solutions, manufactures polycrystalline diamond cutter drill bit inserts, and is breaking into the automation space for applications within oil and gas production. The firm has no moat and a Stable moat trend.