Cactus (WHD) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 5 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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6 analysts have issued twelve-month price targets for Cactus' shares. Their WHD share price forecasts range from $48.00 to $68.00. On average, they expect the company's share price to reach $58.00 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
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Cactus' stock was trading at $50.26 at the start of the year. Since then, WHD stock has increased by 1.2% and is now trading at $50.84.
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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) posted its earnings results on Monday, August, 7th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.15. The business earned $305.82 million during the quarter, compared to analysts' expectations of $297.99 million. Cactus had a trailing twelve-month return on equity of 22.22% and a net margin of 14.35%. The firm's quarterly revenue was up 79.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share.

Cactus declared a quarterly dividend on Monday, August 7th. Investors of record on Monday, August 28th will be given a dividend of $0.12 per share on Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. 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 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 IPO 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.

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

Cactus' stock is owned by a number of institutional and retail investors. Top institutional investors 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 $50.84.

Cactus (NYSE:WHD) has a market capitalization of $4.04 billion and generates $906.48 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.