Cactus Class A Common Sto with ticker code (WHD) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 68 and 48 and has a mean target at 58.44. With the stocks previous close at 52.22 this would indicate that there is a potential upside of 11.9%. The 50 day moving average now sits at 52.58 and the 200 day moving average is 47.13. The company has a market capitalisation of $3,401m. You can visit the company’s website by visiting: https://www.cactuswhd.com
The potential market cap would be $3,806m based on the market concensus.
Cactus 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 was founded in 2011 and is headquartered in Houston, Texas.
