Cactus Stock Forecast, Price & News

9 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 and 5 buy ratings 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 drop in short interest in June. As of June 30th, there was short interest totaling 1,050,000 shares, a drop of 45.3% from the June 15th total of 1,920,000 shares. Based on an average daily trading volume, of 405,000 shares, the days-to-cover ratio is currently 2.6 days.
View Cactus' Short Interest.

Cactus is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Cactus.

Cactus, Inc. (NYSE:WHD) issued its quarterly earnings results on Wednesday, July, 28th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. Cactus had a trailing twelve-month return on equity of 4.45% and a net margin of 9.77%.
View Cactus' earnings history.

Cactus' stock was trading at $13.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WHD stock has increased by 168.4% and is now trading at $34.89.
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Cactus declared a quarterly dividend on Wednesday, July 28th. Investors of record on Monday, August 30th will be given a dividend of $0.10 per share on Thursday, September 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, August 27th. This is a positive change from Cactus's previous quarterly dividend of $0.09.
View Cactus' dividend history.

Cactus pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.98%. 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 26.28% 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, July, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $101.30 M-, compared to the consensus revenue estimate of $101.10 million.

9 brokerages have issued 12 month price objectives for Cactus' shares. Their forecasts range from $22.00 to $43.00. On average, they anticipate Cactus' stock price to reach $31.78 in the next twelve months. This suggests that the stock has a possible downside of 8.9%.
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), Weatherford International (WFRD), Dril-Quip (DRQ), NOW (DNOW), Solaris Oilfield Infrastructure (SOI), Oil States International (OIS), Jutal Offshore Oil Services (JUTOY), Newpark Resources (NR), Forum Energy Technologies (FET), Profire Energy (PFIE), Weatherford International (WFTIF), Superior Drilling Products (SDPI), Weatherford International (WFTIQ) and QS Energy (QSEP).
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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 retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (2.64%), Boston Trust Walden Corp (1.11%), Victory Capital Management Inc. (0.86%), Chartwell Investment Partners LLC (0.61%), New York State Common Retirement Fund (0.41%) and Viking Fund Management LLC (0.28%). 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 Alliancebernstein L.P., Russell Investments Group Ltd., Viking Fund Management LLC, Chartwell Investment Partners LLC, Jackson Creek Investment Advisors LLC, and Sumitomo Mitsui Trust Holdings Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Boston Trust Walden Corp, Moody Aldrich Partners LLC, New York State Common Retirement Fund, Fisher Asset Management LLC, Poplar Forest Capital LLC, Brinker Capital Investments LLC, and Cornerstone Investment Partners 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.
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One share of WHD stock can currently be purchased for approximately $34.89.

Cactus has a market capitalization of $2.64 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]