Cactus (WHD) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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7 equities research analysts have issued 1 year price objectives for Cactus' stock. Their WHD share price forecasts range from $48.00 to $68.00. On average, they predict the company's share price to reach $57.63 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for WHD or view top-rated stocks among Wall Street analysts.

Cactus' stock was trading at $50.26 at the beginning of 2023. Since then, WHD shares have decreased by 3.0% and is now trading at $48.76.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our WHD earnings forecast.

Cactus, Inc. (NYSE:WHD) announced its quarterly earnings data on Monday, August, 7th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.15. The company earned $305.82 million during the quarter, compared to analysts' expectations of $297.99 million. Cactus had a net margin of 14.35% and a trailing twelve-month return on equity of 22.22%. The firm's revenue was up 79.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share.

Cactus announced a quarterly dividend on Monday, August 7th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.12 per share on Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, August 25th. This is an increase from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for WHD.

ETFs with the largest weight of Cactus (NYSE:WHD) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), Invesco Dynamic Oil & Gas Services ETF (PXJ), BNY Mellon Innovators ETF (BKIV), iShares U.S. Oil Equipment & Services ETF (IEZ), Direxion Daily Oil Services Bull 2X Shares (ONG), American CenturyFocused Dynamic Growth ETF (FDG) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Cactus (NYSE:WHD) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.98%. 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 23.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WHD will have a dividend payout ratio of 14.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WHD.

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.

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).

(WHD) raised $374 million in an initial public offering (IPO) on Thursday, February 8th 2018. The company issued 21,400,000 shares at $16.00-$19.00 per share. Citigroup and Credit Suisse acted 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.

Cactus trades on the New York Stock Exchange (NYSE) under the ticker symbol "WHD."

Cactus' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.79%), Bank of New York Mellon Corp (3.35%), JPMorgan Chase & Co. (2.87%), Clearbridge Investments LLC (2.64%), Boston Trust Walden Corp (2.48%) and Van ECK Associates Corp (2.42%). Insiders that own company stock include Alan Semple, Cadent Energy Partners Ii Lp, 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.
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Shares of WHD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WHD stock can currently be purchased for approximately $48.76.

Cactus (NYSE:WHD) has a market capitalization of $3.87 billion and generates $688.37 million in revenue each year. The company earns $110.17 million in net income (profit) each year or $2.02 on an earnings per share basis.

The company employs 1,200 workers across the globe.

Cactus' mailing address is 920 MEMORIAL CITY WAY SUITE 300, HOUSTON TX, 77024. The official website for the company is cactuswellhead.com. The company can be reached via phone at (713) 626-8800 or via email at ir@cactuswhd.com.