Shares of Cactus Inc (NYSE:WHD) have earned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.80.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Cactus from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Thursday, October 4th. Citigroup set a $42.00 price objective on Cactus and gave the stock a “buy” rating in a research report on Friday, November 2nd. ValuEngine lowered Cactus from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Morgan Stanley assumed coverage on Cactus in a research report on Tuesday, September 18th. They issued an “overweight” rating and a $42.00 price objective for the company. Finally, Johnson Rice upgraded Cactus from an “accumulate” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Thursday, August 30th.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Cactus by 22.2% during the second quarter. BlackRock Inc. now owns 2,332,388 shares of the company’s stock worth $78,811,000 after buying an additional 423,339 shares during the last quarter. Swiss National Bank bought a new position in Cactus during the second quarter worth about $1,554,000. California State Teachers Retirement System bought a new position in Cactus during the first quarter worth about $953,000. Viking Fund Management LLC bought a new position in Cactus during the third quarter worth about $5,359,000. Finally, Cubist Systematic Strategies LLC bought a new position in Cactus during the second quarter worth about $315,000. Hedge funds and other institutional investors own 38.99% of the company’s stock.
Shares of WHD stock opened at $36.16 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 1.94. The stock has a market capitalization of $2.79 billion and a P/E ratio of 0.03. Cactus has a 12 month low of $19.18 and a 12 month high of $40.97.
Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $150.70 million during the quarter, compared to analyst estimates of $146.35 million. Cactus had a return on equity of 51.28% and a net margin of 11.31%. Cactus’s revenue was up 57.0% on a year-over-year basis. Equities analysts anticipate that Cactus will post 1.79 earnings per share for the current fiscal year.
Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.
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