Cactus Class A Common Sto found using ticker (WHD) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 54 and 45 calculating the mean target price we have 48.5. Given that the stocks previous close was at 47.08 this is indicating there is a potential upside of 3.0%. The 50 day MA is 41.37 and the 200 moving average now moves to 38.58. The company has a market capitalisation of $2,919m. Company Website: https://www.cactuswhd.com
The potential market cap would be $3,007m based on the market concensus.
Cactus designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States. 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 mission-critical 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 that are utilized during the drilling, completion, and production phases of its customers’ wells. It operates 14 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.
