NYSE:WHD - Cactus Stock Price, Forecast & News

Cactus' stock was trading at $13.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WHD shares have decreased by 16.1% and is now trading at $10.91. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 1 sell rating, 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cactus.

Cactus is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Cactus.

Cactus Inc (NYSE:WHD) issued its earnings results on Wednesday, February, 26th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $140.24 million for the quarter, compared to analyst estimates of $139.63 million. Cactus had a net margin of 13.62% and a return on equity of 24.20%. View Cactus' earnings history.

Cactus declared a quarterly dividend on Thursday, January 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.09 per share on Thursday, March 19th. This represents a $0.36 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, February 28th. View Cactus' dividend history.

9 analysts have issued 12 month price targets for Cactus' shares. Their forecasts range from $18.00 to $43.00. On average, they expect Cactus' stock price to reach $30.11 in the next twelve months. This suggests a possible upside of 176.0% from the stock's current price. View analysts' price targets for Cactus.

Media headlines about WHD stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cactus earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutCactus.

Cactus saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,351,200 shares, an increase of 9.0% from the February 27th total of 1,240,000 shares. Based on an average daily trading volume, of 379,700 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.9% of the company's shares are sold short. View Cactus' Current Options Chain.

Some companies that are related to Cactus include 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cactus investors own include NVIDIA (NVDA), Micron Technology (MU), Enterprise Products Partners (EPD), AT&T (T), Alibaba Group (BABA), AbbVie (ABBV), Mastercard (MA), Netflix (NFLX), Walt Disney (DIS) and Advanced Micro Devices (AMD).

(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."

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 $10.91.

Cactus has a market capitalization of $821.52 million 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. View additional information about Cactus.

The official website for Cactus is http://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]