Cactus Stock Forecast, Price & News

Cactus' stock was trading at $13.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WHD stock has increased by 60.4% and is now trading at $20.85.
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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."
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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) released its quarterly earnings results on Wednesday, July, 29th. The company reported $0.10 EPS for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.09. The firm had revenue of $66.55 million for the quarter, compared to analyst estimates of $60.29 million. Cactus had a net margin of 11.96% and a return on equity of 14.25%. The business's quarterly revenue was down 60.5% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS.
View Cactus' earnings history.

Cactus announced a quarterly dividend on Wednesday, July 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, August 28th.
View Cactus' dividend history.

12 analysts have issued 1 year target prices for Cactus' stock. Their forecasts range from $14.00 to $33.00. On average, they expect Cactus' share price to reach $22.50 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
View analysts' price targets for Cactus.

Cactus saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 847,800 shares, a decline of 30.5% from the August 15th total of 1,220,000 shares. Based on an average daily volume of 354,500 shares, the short-interest ratio is currently 2.4 days.
View Cactus' Short Interest.

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), Profire Energy (PFIE), Weatherford International (WFTIF), QS Energy (QSEP), Deep Down (DPDW), Freestone Resources (FSNR), Coil Tubing Technology (CTBG) 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), BP (BP), Netflix (NFLX), AbbVie (ABBV) and Advanced Micro Devices (AMD).

(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.

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

Cactus' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.95%), FMR LLC (2.68%), Bank of New York Mellon Corp (2.46%), Neuberger Berman Group LLC (2.42%), Goldman Sachs Group Inc. (2.26%) and Encompass Capital Advisors LLC (1.98%). 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 Jennison Associates LLC, Arosa Capital Management LP, Encompass Capital Advisors LLC, Neuberger Berman Group LLC, Marshall Wace LLP, Fisher Asset Management LLC, Sei Investments Co., and Hancock Whitney Corp.
View insider buying and selling activity for Cactus.

WHD stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Alyeska Investment Group L.P., Bank of New York Mellon Corp, William Blair Investment Management LLC, Thompson Siegel & Walmsley LLC, Goldman Sachs Group Inc., Russell Investments Group Ltd., and Nuveen Asset Management LLC.
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 $20.85.

Cactus has a market capitalization of $1.57 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]