Cactus - WHD Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 4 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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5 Wall Street research analysts have issued 1 year price targets for Cactus' shares. Their WHD share price forecasts range from $46.00 to $70.00. On average, they expect the company's stock price to reach $57.33 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
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Cactus' stock was trading at $50.26 at the beginning of 2023. Since then, WHD shares have decreased by 21.2% and is now trading at $39.62.
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Cactus saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,840,000 shares, an increase of 21.1% from the February 28th total of 1,520,000 shares. Based on an average trading volume of 571,100 shares, the days-to-cover ratio is presently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our WHD earnings forecast.

Cactus, Inc. (NYSE:WHD) posted its quarterly earnings results on Wednesday, February, 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $187.77 million for the quarter, compared to analyst estimates of $190.35 million. Cactus had a trailing twelve-month return on equity of 18.53% and a net margin of 16.00%.

Cactus announced a quarterly dividend on Tuesday, January 17th. Shareholders of record on Monday, February 27th will be paid a dividend of $0.11 per share on Thursday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 24th.
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), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco Dynamic Oil & Gas Services ETF (PXJ), iShares U.S. Oil Equipment & Services ETF (IEZ), American CenturyFocused Dynamic Growth ETF (FDG), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Cactus (NYSE:WHD) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.17%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WHD will have a dividend payout ratio of 15.88% 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 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 number of institutional and retail investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (4.02%), JPMorgan Chase & Co. (2.86%), Alliancebernstein L.P. (2.73%), Clearbridge Investments LLC (2.68%), Van ECK Associates Corp (2.56%) and Brown Advisory Inc. (2.36%). Insiders that own company stock include Alan Semple, Cadent Energy Partners Ii Lp, David John Isaac, Donna L Anderson, Gary L Rosenthal, Joel Bender, Michael Y Mcgovern, Scott Bender, Stephen Tadlock and Steven Bender.
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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 $39.62.

Cactus (NYSE:WHD) has a market capitalization of $3.13 billion and generates $688.37 million in revenue each year. The company earns $110.17 million in net income (profit) each year or $1.79 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.