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NYSE:WHD

Cactus (WHD) Stock Price, News & Analysis

$50.65
-0.64 (-1.25%)
(As of 11:32 AM ET)
Today's Range
$50.16
$51.33
50-Day Range
$47.40
$52.56
52-Week Range
$31.36
$57.00
Volume
82,488 shs
Average Volume
579,296 shs
Market Capitalization
$4.03 billion
P/E Ratio
20.18
Dividend Yield
0.95%
Price Target
$55.14

Cactus MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
8.8% Upside
$55.14 Price Target
Short Interest
Healthy
4.61% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.81
Upright™ Environmental Score
News Sentiment
0.31mentions of Cactus in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$34.60 M Sold Last Quarter
Proj. Earnings Growth
18.51%
From $2.81 to $3.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.06 out of 5 stars

Oils/Energy Sector

122nd out of 246 stocks

Oil & Gas Field Machinery Industry

10th out of 13 stocks

WHD stock logo

About Cactus Stock (NYSE:WHD)

Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells. This segment also provides field services to install, maintain, and handle the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand name. Its products are primarily used to transport oil, gas, and other liquids. This segment also provides field services and rental items through service centers and pipe yards, as well as offers equipment and services internationally. In addition, the company offers repair and refurbishment services. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.

WHD Stock Price History

WHD Stock News Headlines

Cactus President Trades Company's Stock
J.P. Morgan Reaffirms Their Hold Rating on Cactus (WHD)
Cactus declares $0.12 dividend
Cactus Announces First Quarter 2024 Results
See More Headlines
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Company Calendar

Ex-Dividend for 3/14 Dividend
2/23/2024
Dividend Payable
3/14/2024
Last Earnings
5/01/2024
Today
5/22/2024
Ex-Dividend for 6/13 Dividend
5/28/2024
Dividend Payable
6/13/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
N/A
Fax
N/A
Employees
1,600
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$55.14
High Stock Price Target
$60.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$169.17 million
Pretax Margin
23.75%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$3.42 per share
Book Value
$13.83 per share

Miscellaneous

Free Float
66,158,000
Market Cap
$4.04 billion
Optionable
Optionable
Beta
1.95

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WHD Stock Analysis - Frequently Asked Questions

Should I buy or sell Cactus stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WHD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WHD, but not buy additional shares or sell existing shares.
View WHD analyst ratings
or view top-rated stocks.

What is Cactus' stock price target for 2024?

7 equities research analysts have issued 12-month target prices for Cactus' shares. Their WHD share price targets range from $43.00 to $60.00. On average, they expect the company's share price to reach $55.14 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for WHD
or view top-rated stocks among Wall Street analysts.

How have WHD shares performed in 2024?

Cactus' stock was trading at $45.40 at the beginning of 2024. Since then, WHD stock has increased by 11.6% and is now trading at $50.68.
View the best growth stocks for 2024 here
.

When is Cactus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our WHD earnings forecast
.

How were Cactus' earnings last quarter?

Cactus, Inc. (NYSE:WHD) announced its quarterly earnings results on Wednesday, May, 1st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm earned $274.12 million during the quarter, compared to the consensus estimate of $270.70 million. Cactus had a net margin of 14.46% and a trailing twelve-month return on equity of 22.46%. The firm's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS.

How often does Cactus pay dividends? What is the dividend yield for Cactus?

Cactus announced a quarterly dividend on Wednesday, May 1st. Investors of record on Tuesday, May 28th will be paid a dividend of $0.12 per share on Thursday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, May 28th.
Read our dividend analysis for WHD
.

Is Cactus a good dividend stock?

Cactus (NYSE:WHD) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.93%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WHD will have a dividend payout ratio of 14.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WHD.

What is Scott Bender's approval rating as Cactus' CEO?

14 employees have rated Cactus Chief Executive Officer Scott Bender on Glassdoor.com. Scott Bender has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Cactus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cactus investors own include NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Alibaba Group (BABA), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Mastercard (MA), AbbVie (ABBV), Boeing (BA) and BP (BP).

When did Cactus IPO?

Cactus (WHD) raised $374 million in an initial public offering on Thursday, February 8th 2018. The company issued 21,400,000 shares at a price of $16.00-$19.00 per share. Citigroup and Credit Suisse served as the underwriters for the IPO and Simmons & Company International (Energy Specialists of Piper Jaffray), J.P. Morgan, BofA Merrill Lynch, Tudor, Pickering, Holt & Barclays, RBC Capital Markets, Raymond James and Scotia Howard Weil were co-managers.

Who are Cactus' major shareholders?

Cactus' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.28%), Clearbridge Investments LLC (2.55%), Van ECK Associates Corp (1.90%), Wasatch Advisors LP (1.68%), Capital International Investors (1.63%) and Jennison Associates LLC (1.41%). Insiders that own company stock include Alan Semple, David John Isaac, Donna L Anderson, Gary L Rosenthal, Joel Bender, John A Odonnell, Michael Y Mcgovern, Scott Bender, Stephen Tadlock, Steven Bender and William D Marsh.
View institutional ownership trends
.

How do I buy shares of Cactus?

Shares of WHD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Cactus have any subsidiaries?
The following companies are subsidiares of Cactus: Cactus Wellhead LLC.
Read More
This page (NYSE:WHD) was last updated on 5/22/2024 by MarketBeat.com Staff

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