Cactus, Inc. Class A Common Sto with ticker code (WHD) have now 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 68 and 42 and has a mean target at $53.89. Given that the stocks previous close was at $42.58 this indicates there is a potential upside of 26.6%. It’s also worth noting that there is a 50 day moving average of $45.15 and the 200 day MA is $45.92. The total market capitalization for the company now stands at $3,412m. Company Website: https://www.cactuswhd.com
The potential market cap would be $4,318m based on the market consensus.
Cactus, Inc. designs, manufactures, and sells 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. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.
The company has a dividend yield of 1.03% with the ex dividend date set at 24-2-2023 (DMY).
Other points of data to note are a P/E ratio of 23.87, revenue per share of 11.41 and a 10.4% return on assets.
