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 70.3% and is now trading at $22.14. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last year. There are currently 4 hold ratings, 7 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, July 29th 2020. View our earnings forecast for Cactus.

Cactus Inc (NYSE:WHD) announced its earnings results on Wednesday, April, 29th. The company reported $0.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.06. The firm earned $154.14 million during the quarter, compared to analysts' expectations of $141.89 million. Cactus had a net margin of 12.47% and a return on equity of 18.65%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. View Cactus' earnings history.

Cactus declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, June 1st will be given a dividend of $0.09 per share on Thursday, June 18th. This represents a $0.36 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, May 29th. View Cactus' dividend history.

12 analysts have issued 1 year price objectives for Cactus' stock. Their forecasts range from $14.00 to $34.00. On average, they anticipate Cactus' stock price to reach $21.00 in the next twelve months. This suggests that the stock has a possible downside of 5.1%. View analysts' price targets for Cactus.

News coverage about WHD stock has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cactus earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutCactus.

Some companies that are related to Cactus include National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), NOW (DNOW), Oil States International (OIS), Solaris Oilfield Infrastructure (SOI), Newpark Resources (NR), Forum Energy Technologies (FET), Weatherford International (WFTIF), QS Energy (QSEP), Deep Down (DPDW), Freestone Resources (FSNR) and Weatherford International (WFTIQ). View all competitors.

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 (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 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 BlackRock Inc. (4.41%), Bank of New York Mellon Corp (1.96%), Jennison Associates LLC (1.88%), Clearbridge Investments LLC (1.58%), State Street Corp (1.47%) and Van ECK Associates Corp (1.40%). 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 Capital World Investors, Alliancebernstein L.P., Waddell & Reed Financial Inc., Public Employees Retirement Association of Colorado, Wells Fargo & Company MN, Nuveen Asset Management LLC, Morgan Stanley, and Jennison Associates LLC. View insider buying and selling activity for Cactus.

WHD stock was acquired by a variety of institutional investors in the last quarter, including Arosa Capital Management LP, JPMorgan Chase & Co., Fort Washington Investment Advisors Inc. OH, FDx Advisors Inc., FDx Advisors Inc., Makaira Partners LLC, Teacher Retirement System of Texas, and Massachusetts Financial Services Co. MA. 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 $22.14.

Cactus has a market capitalization of $1.67 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]