Cactus - WHD Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View WHD analyst ratings or view top-rated stocks.

8 equities research analysts have issued 12 month target prices for Cactus' stock. Their WHD share price forecasts range from $50.00 to $62.00. On average, they expect the company's stock price to reach $53.80 in the next year. This suggests a possible upside of 23.5% 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 $38.13 at the beginning of 2022. Since then, WHD stock has increased by 14.2% and is now trading at $43.56.
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Cactus saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,720,000 shares, an increase of 17.8% from the July 15th total of 1,460,000 shares. Based on an average daily trading volume, of 550,400 shares, the days-to-cover ratio is currently 3.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our WHD earnings forecast.

Cactus, Inc. (NYSE:WHD) issued its earnings results on Thursday, August, 4th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The company had revenue of $170.20 million for the quarter, compared to analyst estimates of $161.11 million. Cactus had a net margin of 13.43% and a trailing twelve-month return on equity of 12.05%. The business's revenue for the quarter was up 56.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share.

Cactus announced a quarterly dividend on Friday, August 5th. Investors of record on Monday, August 29th will be paid a dividend of $0.11 per share on Thursday, September 15th. This represents a $0.44 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, August 26th.
Read our dividend analysis for WHD.

Cactus (NYSE:WHD) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.01%. 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 35.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WHD will have a dividend payout ratio of 19.91% 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 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 many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (3.67%), JPMorgan Chase & Co. (2.67%), Clearbridge Investments LLC (2.64%), Brown Advisory Inc. (2.32%), Boston Trust Walden Corp (1.89%) and Loomis Sayles & Co. L P (1.56%). 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 $43.56.

Cactus (NYSE:WHD) has a market capitalization of $3.30 billion and generates $438.59 million in revenue each year. The company earns $49.59 million in net income (profit) each year or $1.24 on an earnings per share basis.

The company employs 1,000 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.