The price of Cactus Inc. (NYSE:WHD) shares last traded on Wall Street rose 0.20% to $40.40.
Based on available information, 9 analysts follow Cactus Inc. (NYSE:WHD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $42.00, we find $53.00. Given the previous closing price of $40.32, this indicates a potential upside of 31.45 percent. WHD stock price is now -20.77% away from the 50-day moving average and -13.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.31B.
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Among analysts, 6 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $54.63 as their price target over the next twelve months.
With the price target of $70, The Benchmark Company recently initiated with Buy rating for Cactus Inc. (NYSE: WHD). On October 06, 2022, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $52 to quote $48, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Anderson Donna L, Chief Accounting Officer sold 2,985 shares of the company’s stock on Mar 06. The stock was sold for $142,773 at an average price of $47.83. Upon completion of the transaction, the Chief Accounting Officer now directly owns 3,262 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, President and CEO Bender Scott sold 562,336 shares of the business’s stock. A total of $30,386,944 was realized by selling the stock at an average price of $54.04. This leaves the insider owning 50,464 shares of the company worth $2.04 million. Insiders disposed of 1,696,809 shares of company stock worth roughly $68.55 million over the past 1 year. A total of 22.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WHD stock. A new stake in Cactus Inc. shares was purchased by NEUBERGER BERMAN GROUP LLC during the first quarter worth $38,003,000. REDWOOD INVESTMENTS, LLC invested $8,765,000 in shares of WHD during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in Cactus Inc. valued at approximately $6,473,000. BECK BODE, LLC acquired a new stake in WHD for approximately $4,566,000. SEGALL BRYANT & HAMILL, LLC purchased a new stake in WHD valued at around $3,600,000 in the second quarter. In total, there are 316 active investors with 99.31% ownership of the company’s stock.
A candlestick chart of Cactus Inc. (NYSE: WHD) showed a price of $41.03 on Tuesday morning. During the past 12 months, Cactus Inc. has had a low of $34.70 and a high of $62.83. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 5.60, and a quick ratio of 4.20. The fifty day moving average price for WHD is $50.80 and a two-hundred day moving average price translates $46.68 for the stock.
The latest earnings results from Cactus Inc. (NYSE: WHD) was released for Sep, 2022. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.48 by 0.04. This compares to $0.27 EPS in the same period last year. The net profit margin was 16.00% and return on equity was 20.70% for WHD. The company reported revenue of $187.77 million for the quarter, compared to $129.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.53 percent. For the current quarter, analysts expect WHD to generate $189.37M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2023. Investors who held shares on 02/27/2023 were paid a $0.11 dividend. On an annualized basis, this represents a $0.44 dividend and a 1.09% percent yield. There was an ex-dividend date of 02/24/2023 for this dividend. In terms of dividend payout ratio, WHD is presently at 24.10%.
Cactus Inc.(WHD) Company Profile
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.
