Cactus Stock Forecast, Price & 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 shares have increased by 123.2% and is now trading at $29.02.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Cactus stock.
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14 employees have rated Cactus CEO Scott Bender on Glassdoor.com. Scott Bender has an approval rating of 83% among Cactus' employees.

Cactus is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Cactus.

Cactus, Inc. (NYSE:WHD) posted its earnings results on Wednesday, November, 4th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.12. The business had revenue of $59.79 million for the quarter, compared to analysts' expectations of $55.26 million. Cactus had a net margin of 11.96% and a trailing twelve-month return on equity of 14.25%. Cactus's quarterly revenue was down 62.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS.
View Cactus' earnings history.

Cactus announced a quarterly dividend on Thursday, January 21st. Investors of record on Monday, March 1st will be paid a dividend of $0.09 per share on Thursday, March 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, February 26th.
View Cactus' dividend history.

Cactus pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.28%. The dividend payout ratio of Cactus is 19.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Cactus will have a dividend payout ratio of 100.00% in the coming year. This indicates that Cactus may not be able to sustain their current dividend.
View Cactus' dividend history.

12 analysts have issued 12-month target prices for Cactus' shares. Their forecasts range from $14.00 to $34.00. On average, they anticipate Cactus' stock price to reach $23.71 in the next twelve months. This suggests that the stock has a possible downside of 18.3%.
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Cactus saw a increase in short interest in December. As of December 31st, there was short interest totaling 663,000 shares, an increase of 17.0% from the December 15th total of 566,800 shares. Based on an average daily trading volume, of 360,900 shares, the short-interest ratio is currently 1.8 days.
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), Jutal Offshore Oil Services (JUTOY), Forum Energy Technologies (FET), Profire Energy (PFIE), Superior Drilling Products (SDPI), 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), Micron Technology (MU), AT&T (T), Alibaba Group (BABA), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Mastercard (MA), AbbVie (ABBV), The 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 shareholders include Boston Trust Walden Corp (0.55%), Bright Rock Capital Management LLC (0.03%), Prairiewood Capital LLC (0.03%) and Exchange Traded Concepts LLC (0.02%). Company insiders that own Cactus stock include Alan Semple, David John Isaac, Gary L Rosenthal, Joel Bender, Scott Bender, Stephen Tadlock and Steven Bender.
View institutional ownership trends for Cactus.

WHD stock was sold by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, and Bright Rock Capital Management LLC. Company insiders that have sold Cactus company stock in the last year include David John Isaac, Gary L Rosenthal, Scott Bender, and Stephen Tadlock.
View insider buying and selling activity for Cactus or view top insider-selling stocks.

WHD stock was acquired by a variety of institutional investors in the last quarter, including Prairiewood Capital LLC, and Exchange Traded Concepts LLC.
View insider buying and selling activity for Cactus or or view top insider-buying stocks.

Shares of WHD 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.

One share of WHD stock can currently be purchased for approximately $29.02.

Cactus has a market capitalization of $2.19 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]