Cactus Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last twelve months. There are currently 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cactus stock.
View analyst ratings for Cactus or view top-rated stocks.

Wall Street analysts have given Cactus a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cactus wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Cactus saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 1,090,000 shares, an increase of 25.8% from the April 29th total of 866,600 shares. Based on an average daily volume of 517,600 shares, the days-to-cover ratio is currently 2.1 days.
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Cactus is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Cactus.

Cactus, Inc. (NYSE:WHD) released its quarterly earnings results on Wednesday, May, 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.01. Cactus had a trailing twelve-month return on equity of 3.83% and a net margin of 9.69%.
View Cactus' earnings history.

Cactus' stock was trading at $13.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WHD shares have increased by 234.6% and is now trading at $43.50.
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Cactus announced a quarterly dividend on Wednesday, May 5th. Shareholders of record on Monday, May 31st will be paid a dividend of $0.09 per share on Thursday, June 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 27th.
View Cactus' dividend history.

Cactus pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.88%. Cactus does not yet have a strong track record of dividend growth. The dividend payout ratio of Cactus is 49.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cactus will have a dividend payout ratio of 26.67% next year. This indicates that Cactus will be able to sustain or increase its dividend.
View Cactus' dividend history.

Cactus updated its second quarter 2021 earnings guidance on Tuesday, June, 15th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $101.30 M-, compared to the consensus revenue estimate of $101.10 million.

10 equities research analysts have issued 1 year price objectives for Cactus' shares. Their forecasts range from $22.00 to $40.00. On average, they anticipate Cactus' stock price to reach $29.64 in the next year. This suggests that the stock has a possible downside of 31.9%.
View analysts' price targets for Cactus or view top-rated stocks among Wall Street analysts.

14 employees have rated Cactus CEO Scott Bender on Glassdoor.com. Scott Bender has an approval rating of 83% among Cactus' employees.

Some companies that are related to Cactus include NOV (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), NOW (DNOW), Oil States International (OIS), Solaris Oilfield Infrastructure (SOI), 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 initial public offering 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 variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.20%), BlackRock Inc. (5.47%), Bank of New York Mellon Corp (3.53%), Lazard Asset Management LLC (3.00%), Alliancebernstein L.P. (2.90%) and Clearbridge Investments LLC (1.98%). Company insiders that own Cactus stock include Cadent Energy Partners Ii Lp, David John Isaac, Gary L Rosenthal, Joel Bender, Michael Y Mcgovern, 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 Citadel Advisors LLC, D. E. Shaw & Co. Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., William Blair Investment Management LLC, JPMorgan Chase & Co., Morgan Stanley, and State of New Jersey Common Pension Fund D. Company insiders that have sold Cactus company stock in the last year include Cadent Energy Partners Ii Lp, David John Isaac, Gary L Rosenthal, Joel Bender, Michael Y Mcgovern, Scott Bender, Stephen Tadlock, and Steven Bender.
View insider buying and selling activity for Cactus or view top insider-selling stocks.

WHD stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Jennison Associates LLC, Royal Bank of Canada, Federated Hermes Inc., Wasatch Advisors Inc., Royce & Associates LP, BlackRock Inc., and Brown Advisory Inc..
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.
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One share of WHD stock can currently be purchased for approximately $43.50.

Cactus has a market capitalization of $3.29 billion and generates $348.57 million in revenue each year. The company earns $34.45 million in net income (profit) each year or $0.73 on an earnings per share basis.

Cactus employs 660 workers across the globe.

The official website for Cactus is cactuswellhead.com.

Cactus is headquartered at 920 MEMORIAL CITY WAY SUITE 300, HOUSTON TX, 77024.

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]