Cactus Class A Common Sto with ticker code (WHD) have now 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 68 and 42 calculating the mean target price we have $53.44. Given that the stocks previous close was at $40.48 this would imply there is now a potential upside of 32.0%. The day 50 moving average is $42.66 and the 200 moving average now moves to $46.09. The company has a market cap of $2,618m. Visit the company website at: https://www.cactuswhd.com
The potential market cap would be $3,456m based on the market consensus.
Cactus designs, manufactures, and sells 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. Cactus was founded in 2011 and is headquartered in Houston, Texas.
The company has a dividend yield of 1.08% with the ex dividend date set at 24-2-2023 (DMY).
Other points of data to note are a P/E ratio of 22.57, revenue per share of 11.41 and a 10.4% return on assets.
