NYSE:WHDCactus Stock Price, Forecast & News

Cactus' stock was trading at $13.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WHD stock has increased by 91.4% and is now trading at $24.88.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Cactus is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Cactus Inc (NYSE:WHD) announced its quarterly earnings results on Wednesday, July, 29th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.09. The company had revenue of $66.55 million for the quarter, compared to the consensus estimate of $60.29 million. Cactus had a return on equity of 14.25% and a net margin of 11.96%. The company's revenue was down 60.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS.
View Cactus' earnings history.

Cactus announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.09 per share on Thursday, September 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 28th.
View Cactus' dividend history.

11 brokerages have issued 12 month target prices for Cactus' shares. Their forecasts range from $14.00 to $33.00. On average, they anticipate Cactus' stock price to reach $21.82 in the next year. This suggests that the stock has a possible downside of 12.3%.
View analysts' price targets for Cactus.

Media headlines about WHD stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cactus earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Cactus.

Cactus saw a drop in short interest in January. As of January 15th, there was short interest totaling 1,100,000 shares, a drop of 13.4% from the December 31st total of 1,270,000 shares. Based on an average trading volume of 342,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.3% of the company's shares are sold short.
View Cactus' Short Interest.

Some companies that are related to Cactus include National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), NOW (DNOW), Solaris Oilfield Infrastructure (SOI), Oil States International (OIS), Newpark Resources (NR), Forum Energy Technologies (FET), Weatherford International (WFTIQ), Weatherford International (WFTIF), QS Energy (QSEP), Deep Down (DPDW) and Freestone Resources (FSNR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cactus investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), Enterprise Products Partners (EPD), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Mastercard (MA), Netflix (NFLX) 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 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 Chartwell Investment Partners LLC (0.62%), Great Lakes Advisors LLC (0.31%), Thompson Siegel & Walmsley LLC (0.21%), Viking Fund Management LLC (0.21%), Fisher Asset Management LLC (0.21%) and Russell Investments Group Ltd. (0.19%). Company insiders that own Cactus stock include Alan Semple, Joel Bender and Steven Bender.
View institutional ownership trends for Cactus.

WHD stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Fisher Asset Management LLC, Hancock Whitney Corp, SG Americas Securities LLC, Sumitomo Mitsui Trust Holdings Inc., UBS Group AG, US Bancorp DE, and CWM LLC.
View insider buying and selling activity for Cactus.

WHD stock was bought by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Russell Investments Group Ltd., Viking Fund Management LLC, Strs Ohio, Aigen Investment Management LP, Great Lakes Advisors LLC, WINTON GROUP Ltd, and Chartwell Investment Partners LLC.
View insider buying and selling activity for Cactus.

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

One share of WHD stock can currently be purchased for approximately $24.88.

Cactus has a market capitalization of $1.88 billion and generates $628.41 million in revenue each year. The company earns $85.61 million in net income (profit) each year or $1.86 on an earnings per share basis. Cactus employs 1,100 workers across the globe.

The official website for Cactus is cactuswellhead.com.

Cactus' mailing address is 920 MEMORIAL CITY WAY SUITE 300, HOUSTON TX, 77024. The company can be reached via phone at 713-626-8800 or via email at [email protected]