Stifel notes that ChampionX (CHX) and Cactus (WHD) have each slid over the past ten days in tandem with the weakness in oil prices and the Oil Service index. The analyst contends this weakness has "created an excellent opportunity to accumulate shares of two of our favorite names" in the oilfield services and equipment space, arguing that both have a proprietary product mix, "excellent" management teams, and strong free cash flow profiles. The firm reiterates Buy ratings on both names.
Published first on TheFly
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