NYSE:WHDCactus 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 stock has increased by 74.0% and is now trading at $22.62.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Cactus is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cactus.

Cactus Inc (NYSE:WHD) issued its quarterly earnings results on Wednesday, July, 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.09. The company had revenue of $66.55 million for the quarter, compared to analysts' expectations of $60.29 million. Cactus had a return on equity of 14.47% and a net margin of 11.96%. The company's revenue for the quarter was down 60.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share.
View Cactus' earnings history.

Cactus declared a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 31st will be given a dividend of $0.09 per share on Thursday, September 17th. This represents a $0.36 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, August 28th.
View Cactus' dividend history.

11 Wall Street analysts have issued 1 year target prices for Cactus' shares. Their forecasts range from $14.00 to $33.00. On average, they expect Cactus' stock price to reach $21.82 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts' price targets for Cactus.

Press coverage about WHD stock has been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cactus earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.
View the latest news about Cactus.

Some companies that are related to Cactus include National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), NOW (DNOW), Solaris Oilfield Infrastructure (SOI), Oil States International (OIS), Newpark Resources (NR), Forum Energy Technologies (FET), Weatherford International (WFTIF), QS Energy (QSEP), Deep Down (DPDW), Freestone Resources (FSNR) and Weatherford International (WFTIQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cactus investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), Enterprise Products Partners (EPD), Mastercard (MA), Netflix (NFLX), BP (BP), Walt Disney (DIS) and Viper Energy Partners (VNOM).

(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 investors include Chartwell Investment Partners LLC (0.62%), Viking Fund Management LLC (0.21%), Strs Ohio (0.14%), Hancock Whitney Corp (0.10%), Sumitomo Mitsui Trust Holdings Inc. (0.10%) and Envestnet Asset Management Inc. (0.05%). Company insiders that own Cactus stock include Alan Semple, Joel Bender and Steven Bender.
View institutional ownership trends for Cactus.

WHD stock was sold by a variety of institutional investors in the last quarter, including Hancock Whitney Corp, SG Americas Securities LLC, Sumitomo Mitsui Trust Holdings Inc., UBS Group AG, CWM LLC, and Dupont Capital Management Corp.
View insider buying and selling activity for Cactus.

WHD stock was acquired by a variety of institutional investors in the last quarter, including Viking Fund Management LLC, Strs Ohio, Chartwell Investment Partners LLC, Pitcairn Co., and Envestnet Asset Management Inc..
View insider buying and selling activity for Cactus.

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 $22.62.

Cactus has a market capitalization of $1.70 billion 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.

The official website for Cactus is 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]