Apergy Corporation (APY) News
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Latest APY News From Around the Web
Below are the latest news stories about Apergy Corp that investors may wish to consider to help them evaluate APY as an investment opportunity.
Apergy and ChampionX Complete Merger to Create the New ChampionXChampionX Corporation, formerly known as Apergy Corporation (“ChampionX” or “the Company”) (APY) announced today the completion of the merger of the businesses of Apergy Corporation and ChampionX Holding Inc., the former upstream energy business of Ecolab Inc. In association with this transaction, Apergy Corporation has changed its name to ChampionX Corporation, and beginning tomorrow its shares of common stock will trade on the New York Stock Exchange under the symbol “CHX”. "Today we are proud to launch ChampionX, a company that will be an essential player and long-term winner in the oil and gas industry,” said Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer of ChampionX. |
Apergy Shareholders Approve Merger with ChampionXApergy Corporation (“Apergy”) (APY) today announced its shareholders voted at the Special Meeting of Shareholders to approve the issuance of shares of Apergy common stock in connection with the pending combination of the ChampionX business with Apergy through a merger of Athena Merger Sub, Inc., a wholly owned subsidiary of Apergy, with ChampionX Holding Inc., a wholly owned subsidiary of Ecolab Inc. The merger is expected to be completed in the second quarter of this year, subject to remaining closing conditions. The transaction is immediately deleveraging and will result in a stronger, more diversified, and more resilient company to navigate the current downturn. |
ChampionX Holding Inc. -- Moody's assigns Ba2 rating to ChampionX Term Loan and confirms Apergy's Ba3 CFR; Outlook stableNOTE: On May 19, 2020, the press release was corrected as follows: In the first sentence of the first paragraph, the maturity date for ChampionX Holding Inc.'s senior secured Term Loan B facility was changed to 2027. New York, May 18, 2020 -- Moody's Investors Service, ("Moody's") assigned a Ba2 rating to ChampionX Holding Inc.'s (ChampionX) new $537 million senior secured Term Loan B facility due 2027 (Champion X term loan). The proceeds of this issuance will be used to pay Ecolab Inc (Ecolab, Baa1 positive) for its upstream business segment which will be separated from Ecolab and combined with Apergy. |
Apergy Corporation -- Moody's assigns Ba2 rating to ChampionX Term Loan and confirms Apergy's Ba3 CFR; Outlook stableMoody's Investors Service, ("Moody's") assigned a Ba2 rating to ChampionX Holding Inc.'s (ChampionX) new $537 million senior secured Term Loan B facility due 2026 (Champion X term loan). The proceeds of this issuance will be used to pay Ecolab Inc (Ecolab, Baa1 positive) for its upstream business segment which will be separated from Ecolab and combined with Apergy. |
Apergy to Host Fireside Chat Conference CallApergy Corporation (“Apergy”) (APY) announced today that Soma Somasundaram, President and Chief Executive Officer, will host a fireside chat conference call facilitated by James West of Evercore on Monday, May 18, 2020 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Deric Bryant, Executive Vice President of Ecolab Inc. and President of ChampionX, will join as an invited guest to discuss the pending merger between Apergy and ChampionX. A replay of the conference call will be available for approximately 30 days on Apergy’s website or at https://onlinexperiences.com/Launch/QReg/ShowUUID=B7051255-FAFF-4A6E-A5AE-7A6AB277E314&LangLocaleID=1033. |
Why These 3 Oil Sector Stocks Rose More Than 30% in AprilShares of oil-field services stocks Oceaneering International (NYSE: OII), Apergy (NYSE: APY), and TechnipFMC (NYSE: FTI) all jumped more than 30% in April, according to data provided by S&P Global Market Intelligence. Technip, which provides general services for oil producers, saw its share price rise 32.2% in April. Onshore drilling specialist Apergy's shares soared 60.2%, while the stock of subsea services provider Oceaneering International skyrocketed 74.8% for the month. |
Is the Options Market Predicting a Spike in Apergy (APY) Stock?Investors need to pay close attention to Apergy (APY) stock based on the movements in the options market lately. |
Presentation Regarding Apergy’s Planned Merger with ChampionX Posted on Apergy’s WebsiteApergy Corporation (“Apergy”) (APY) today posted a presentation regarding its planned merger with ChampionX to its website to coincide with a meeting for equity research analysts on the combined company. Apergy is a leading provider of highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. Apergy's products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production. |
Analysts Just Slashed Their Apergy Corporation (NYSE:APY) EPS NumbersOne thing we could say about the analysts on Apergy Corporation (NYSE:APY) - they aren't optimistic, having just made... |
Why NexTier Oilfield Solutions, Apergy, and Oceaneering Intl. Stock Fell at Least 10% as Oil Was RisingThe oil markets are still a volatile place, but the big picture hasn't changed. That's bad news for this trio of energy services companies |