Cactus Inc (WHD) Receives Average Rating of “Buy” from Analysts

Shares of Cactus Inc (NYSE:WHD) have been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.55.

A number of research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Cactus in a research report on Wednesday, February 6th. They set a “strong-buy” rating and a $39.00 price target on the stock. Barclays set a $40.00 price target on shares of Cactus and gave the company a “sell” rating in a research report on Friday, March 8th. Citigroup lifted their price target on shares of Cactus from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. ValuEngine raised shares of Cactus from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Cactus from $33.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, March 8th.

Shares of NYSE WHD traded down $0.10 during midday trading on Friday, reaching $36.04. 17,017 shares of the stock were exchanged, compared to its average volume of 512,872. The company has a market cap of $2.78 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 0.65 and a beta of 1.15. Cactus has a 52-week low of $24.60 and a 52-week high of $40.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.68 and a quick ratio of 2.34.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Cactus had a net margin of 12.71% and a return on equity of 38.49%. The business had revenue of $158.88 million for the quarter, compared to analysts’ expectations of $153.04 million. On average, analysts anticipate that Cactus will post 2 EPS for the current year.

In other Cactus news, VP Steven Bender sold 228,880 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $35.93, for a total transaction of $8,223,658.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Bender sold 1,935,639 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $35.93, for a total transaction of $69,547,509.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,173,649 shares of company stock valued at $78,099,209. 96.10% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WHD. US Bancorp DE boosted its holdings in shares of Cactus by 154.8% during the first quarter. US Bancorp DE now owns 2,451 shares of the company’s stock valued at $87,000 after acquiring an additional 1,489 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Cactus by 83.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,071 shares of the company’s stock worth $108,000 after purchasing an additional 1,849 shares during the period. Legal & General Group Plc lifted its holdings in Cactus by 9.1% in the fourth quarter. Legal & General Group Plc now owns 6,853 shares of the company’s stock worth $188,000 after purchasing an additional 572 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Cactus by 3.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 8,874 shares of the company’s stock worth $243,000 after purchasing an additional 308 shares during the period. Finally, Sawgrass Asset Management LLC lifted its holdings in Cactus by 21.5% in the fourth quarter. Sawgrass Asset Management LLC now owns 9,125 shares of the company’s stock worth $250,000 after purchasing an additional 1,615 shares during the period. 52.24% of the stock is owned by institutional investors.

Cactus Company Profile

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

Recommended Story: Why is a lock-up period needed for an IPO?

Analyst Recommendations for Cactus (NYSE:WHD)

Receive News & Ratings for Cactus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cactus and related companies with MarketBeat.com's FREE daily email newsletter.