Stephens Begins Coverage on Cactus (WHD)

Stephens initiated coverage on shares of Cactus (NYSE:WHD) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $45.00 target price on the stock.

WHD has been the subject of a number of other research reports. Bank of America initiated coverage on shares of Cactus in a research report on Monday, December 3rd. They set a buy rating and a $36.00 price objective for the company. Zacks Investment Research raised shares of Cactus from a hold rating to a strong-buy rating and set a $44.00 price objective for the company in a research report on Thursday, October 4th. Citigroup set a $42.00 target price on shares of Cactus and gave the stock a buy rating in a report on Friday, November 2nd. ValuEngine raised shares of Cactus from a strong sell rating to a sell rating in a report on Wednesday, January 2nd. Finally, Morgan Stanley assumed coverage on shares of Cactus in a report on Tuesday, September 18th. They issued an overweight rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $39.82.

Shares of WHD stock traded up $0.86 during mid-day trading on Wednesday, reaching $30.29. 85,802 shares of the company’s stock traded hands, compared to its average volume of 325,577. Cactus has a 12 month low of $19.18 and a 12 month high of $40.97. 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 company has a market cap of $2.21 billion and a price-to-earnings ratio of 0.02.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Cactus had a net margin of 11.31% and a return on equity of 51.28%. The firm had revenue of $150.70 million during the quarter, compared to the consensus estimate of $146.35 million. The business’s revenue was up 57.0% on a year-over-year basis. Equities research analysts expect that Cactus will post 1.78 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new position in Cactus in the 2nd quarter worth $199,000. Raymond James & Associates bought a new position in shares of Cactus during the 2nd quarter valued at about $212,000. United Services Automobile Association bought a new position in shares of Cactus during the 3rd quarter valued at about $249,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Cactus during the 2nd quarter valued at about $266,000. Finally, California Public Employees Retirement System bought a new position in shares of Cactus during the 2nd quarter valued at about $284,000. 50.67% 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.

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Analyst Recommendations for Cactus (NYSE:WHD)

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