Shares of Cactus Inc (NYSE:WHD) have earned a consensus rating of “Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.40.
Several brokerages have recently weighed in on WHD. JPMorgan Chase & Co. raised their target price on Cactus from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Citigroup raised their target price on Cactus from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded Cactus from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Thursday, October 4th. ValuEngine downgraded Cactus from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Finally, Johnson Rice upgraded Cactus from an “accumulate” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, August 30th.
Shares of Cactus stock opened at $29.37 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.28. The stock has a market cap of $2.23 billion and a PE ratio of 0.07. Cactus has a 1-year low of $19.18 and a 1-year high of $40.97.
Cactus (NYSE:WHD) last announced its earnings results on Wednesday, October 31st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $150.70 million during the quarter, compared to the consensus estimate of $146.35 million. Cactus had a return on equity of 51.28% and a net margin of 11.31%. The firm’s quarterly revenue was up 57.0% compared to the same quarter last year. On average, analysts predict that Cactus will post 1.74 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of WHD. Neuberger Berman Group LLC grew its stake in Cactus by 455.5% in the third quarter. Neuberger Berman Group LLC now owns 1,840,590 shares of the company’s stock worth $70,458,000 after purchasing an additional 1,509,243 shares in the last quarter. BlackRock Inc. grew its stake in Cactus by 42.4% in the third quarter. BlackRock Inc. now owns 3,321,353 shares of the company’s stock worth $127,141,000 after purchasing an additional 988,965 shares in the last quarter. Vanguard Group Inc. grew its stake in Cactus by 43.7% in the third quarter. Vanguard Group Inc. now owns 3,198,471 shares of the company’s stock worth $122,438,000 after purchasing an additional 973,085 shares in the last quarter. FMR LLC grew its stake in Cactus by 82.9% in the third quarter. FMR LLC now owns 1,914,055 shares of the company’s stock worth $73,270,000 after purchasing an additional 867,298 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in Cactus in the third quarter worth about $24,949,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
Cactus, Inc engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.
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