Cactus Class A Common Sto with ticker code (WHD) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 77 and 54 with the average target price sitting at 61.44. Given that the stocks previous close was at 52.49 this would imply there is a potential upside of 17.1%. The day 50 moving average is 52.78 and the 200 day moving average is 45.67. The company has a market cap of $3,796m. Company Website: https://www.cactuswhd.com
The potential market cap would be $4,443m 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.
