Cactus Class A Common Sto found using ticker (WHD) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 77 and 54 calculating the average target price we see 62. Given that the stocks previous close was at 52.98 this would imply there is a potential upside of 17.0%. The 50 day moving average now sits at 52.96 and the 200 day MA is 44.81. The company has a market capitalisation of $3,926m. Company Website: https://www.cactuswhd.com
The potential market cap would be $4,595m 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.
