Cactus Class A Common Sto with ticker code (WHD) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 70 and 48 with a mean TP of 59.6. With the stocks previous close at 52.95 this indicates there is a potential upside of 12.6%. There is a 50 day moving average of 52.27 while the 200 day moving average is 47.04. The market capitalisation for the company is $3,312m. You can visit the company’s website by visiting: https://www.cactuswhd.com
The potential market cap would be $3,728m 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.
