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Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
NYSE:WHD

Cactus - WHD Stock Forecast, Price & News

$43.56
+1.50 (+3.57%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$41.48
$43.68
50-Day Range
$35.36
$56.04
52-Week Range
$31.65
$64.18
Volume
431,207 shs
Average Volume
484,712 shs
Market Capitalization
$3.30 billion
P/E Ratio
35.13
Dividend Yield
1.01%
Price Target
$53.80

Cactus MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
23.5% Upside
$53.80 Price Target
Short Interest
Healthy
2.27% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.81
Upright™ Environmental Score
News Sentiment
-0.10mentions of Cactus in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$73.48 M Sold Last Quarter
Proj. Earnings Growth
30.77%
From $1.69 to $2.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Oils/Energy Sector

83rd out of 258 stocks

Oil & Gas Field Machinery Industry

5th out of 10 stocks

WHD stock logo

About Cactus (NYSE:WHD) Stock

Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, repair, and safe handling of the wellhead and pressure control equipment; and repair and refurbishment services. The company sells or rents its products for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells. In addition, it operates 15 service centers in the United States, as well as 3 service centers in Eastern Australia. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WHD. Barclays cut their target price on shares of Cactus from $57.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, August 8th. Morgan Stanley reduced their price objective on Cactus from $60.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 13th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $53.80.

Cactus Stock Up 3.6 %

Shares of WHD Stock opened at $43.56 on Friday. The stock's 50 day simple moving average is $40.93 and its 200 day simple moving average is $48.19. Cactus has a twelve month low of $31.65 and a twelve month high of $64.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.00 and a current ratio of 5.23. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 0.68 and a beta of 1.98.

Cactus (NYSE:WHD - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.36 by $0.08. The company had revenue of $170.20 million for the quarter, compared to the consensus estimate of $161.11 million. Cactus had a return on equity of 12.05% and a net margin of 13.43%. The company's revenue for the quarter was up 56.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. As a group, research analysts predict that Cactus will post 1.69 EPS for the current year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 29th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, August 26th. Cactus's dividend payout ratio is 35.48%.

Insider Buying and Selling at Cactus

In related news, VP Steven Bender sold 20,000 shares of the business's stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $48.00, for a total transaction of $960,000.00. Following the completion of the transaction, the vice president now owns 107,879 shares of the company's stock, valued at approximately $5,178,192. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Steven Bender sold 20,000 shares of the firm's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $48.00, for a total value of $960,000.00. Following the sale, the vice president now owns 107,879 shares in the company, valued at $5,178,192. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Joel Bender sold 542,336 shares of the company's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $54.00, for a total transaction of $29,286,144.00. Following the transaction, the chief operating officer now owns 68,604 shares of the company's stock, valued at $3,704,616. The disclosure for this sale can be found here. Insiders sold 1,389,748 shares of company stock worth $73,478,068 over the last ninety days. Company insiders own 21.10% of the company's stock.

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WHD Stock News Headlines

Barclays Lowers Cactus (NYSE:WHD) Price Target to $52.00
Cactus' (NYSE:WHD) Dividend Will Be $0.11
Cactus: Q2 Earnings Insights
Cactus: Q2 Earnings Insights - Benzinga
Cactus Announces Second Quarter 2022 Results
Cactus (WHD) Set to Announce Earnings on Thursday
Brokerages Set Cactus, Inc. (NYSE:WHD) Price Target at $55.75
Cactus (NYSE:WHD) Shares Gap Down to $38.24
See More Headlines
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WHD Company Calendar

Ex-Dividend for 6/16 Dividend
5/26/2022
Dividend Payable
6/16/2022
Last Earnings
8/04/2022
Today
8/14/2022
Ex-Dividend for 9/15 Dividend
8/26/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
N/A
Fax
N/A
Employees
1,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.80
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+23.5%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$49.59 million
Pretax Margin
21.78%

Debt

Sales & Book Value

Annual Sales
$438.59 million
Cash Flow
$0.97 per share
Book Value
$8.50 per share

Miscellaneous

Free Float
59,735,000
Market Cap
$3.30 billion
Optionable
Optionable
Beta
1.98














WHD Stock - Frequently Asked Questions

Should I buy or sell Cactus stock right now?

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.

What is Cactus' stock price forecast for 2022?

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.

How have WHD shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Cactus?

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.
View Cactus' Short Interest
.

When is Cactus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our WHD earnings forecast
.

How were Cactus' earnings last quarter?

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.

How often does Cactus pay dividends? What is the dividend yield for Cactus?

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
.

Is Cactus a good dividend stock?

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.

What is Scott Bender's approval rating as Cactus' CEO?

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.

What other stocks do shareholders of Cactus own?

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).

When did Cactus IPO?

(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.

What is Cactus' stock symbol?

Cactus trades on the New York Stock Exchange (NYSE) under the ticker symbol "WHD."

Who are Cactus' major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Cactus?

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.
Compare Top Brokerages Here.

What is Cactus' stock price today?

One share of WHD stock can currently be purchased for approximately $43.56.

How much money does Cactus make?

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.

How many employees does Cactus have?

The company employs 1,000 workers across the globe.

How can I contact Cactus?

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.

This page (NYSE:WHD) was last updated on 8/14/2022 by MarketBeat.com Staff

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