Cactus (WHD) Stock Price, News & Analysis

Company Overview

Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells. This segment also provides field services to install, maintain, and handle the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand name. Its products are primarily used to transport oil, gas, and other liquids. This segment also provides field services and rental items through service centers and pipe yards, as well as offers equipment and services internationally. In addition, the company offers repair and refurbishment services. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $57.42 to $58.65
• 50-Day Range: $54.43 to $63.46
• 52-Week Range: $37.58 to $64.96
• Volume: 569,063 shs
• Average Volume: 765,716 shs
• Market Capitalization: $4.65 billion
• P/E Ratio: 23.31
• Dividend Yield: 0.89%
• Price Target: $54.00
• Consensus Rating: Hold

Cactus Stock Analysis - MarketRank™

Cactus scored higher than 54% of companies evaluated by MarketBeat, and ranked 178th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Cactus has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Cactus has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 10.53%

Earnings Growth

Earnings for Cactus are expected to grow by 10.53% in the coming year, from $3.04 to $3.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cactus is 23.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cactus is 23.31, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.32.

Price to Earnings Growth Ratio

Cactus has a PEG Ratio of 2.31. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Cactus has a P/B Ratio of 4.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.78% of the outstanding shares of Cactus have been sold short.

Short Interest Ratio / Days to Cover

Cactus has a short interest ratio ("days to cover") of 7.5.

Change versus previous month

Short interest in Cactus has recently increased by 0.56%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Cactus has a dividend yield of 0.83%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cactus does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cactus is 20.72%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cactus will have a dividend payout ratio of 15.48% next year. This indicates that Cactus will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.81

Percentage of Shares Shorted

6.78% of the outstanding shares of Cactus have been sold short.

Short Interest Ratio / Days to Cover

Cactus has a short interest ratio ("days to cover") of 7.5.

Change versus previous month

Short interest in Cactus has recently increased by 0.56%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.90

News Sentiment

Cactus has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Cactus this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for WHD on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Cactus to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cactus insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.71% of the stock of Cactus is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

85.11% of the stock of Cactus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WHD Stock Analysis - Frequently Asked Questions

How have WHD shares performed this year?

Cactus' stock was trading at $45.40 at the start of the year. Since then, WHD stock has increased by 28.9% and is now trading at $58.50.
View the best growth stocks for 2024 here.

How were Cactus' earnings last quarter?

Cactus, Inc. (NYSE:WHD) issued its quarterly earnings results on Wednesday, July, 31st. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The company's revenue was down 5.0% on a year-over-year basis.

Does Cactus have any subsidiaries?

Cactus subsidiaries include Cactus Wellhead LLC.

When did Cactus IPO?

Cactus (WHD) raised $374 million in an initial public offering on Thursday, February 8th 2018. The company issued 21,400,000 shares at $16.00-$19.00 per share. Citigroup and Credit Suisse served as the underwriters for the IPO and Simmons & Company International (Energy Specialists of Piper Jaffray), J.P. Morgan, BofA Merrill Lynch, Tudor, Pickering, Holt & Barclays, RBC Capital Markets, Raymond James and Scotia Howard Weil were co-managers.

Who are Cactus' major shareholders?

Top institutional shareholders of Cactus include American Century Companies Inc. (3.42%), Pacer Advisors Inc. (2.92%), Boston Trust Walden Corp (2.46%) and Clearbridge Investments LLC (2.07%). Insiders that own company stock include Scott Bender, Joel Bender, Steven Bender, Alan Semple, John A Odonnell, Michael Y Mcgovern, Donna L Anderson, William D Marsh, David John Isaac, Stephen Tadlock and Gary L Rosenthal.
View institutional ownership trends.

How do I buy shares of Cactus?

Shares of WHD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cactus own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cactus investors own include NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Alibaba Group (BABA), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD) and Mastercard (MA).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/12 Dividend: 8/26/2024
• Dividend Payable: 9/12/2024
• Today: 9/27/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field machinery
• Sub-Industry: Machinery
• Current Symbol: NYSE:WHD
• CUSIP: N/A
• CIK: 1699136
• Web: cactuswellhead.com
• Phone: (713) 626-8800
• Fax: N/A
• Employees: 1,600
• Year Founded: 2011

Price Target and Rating

• Average Stock Price Target: $54.00
• High Stock Price Target: $61.00
• Low Stock Price Target: $43.00
• Potential Upside/Downside: -7.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.51
• Trailing P/E Ratio: 23.31
• Forward P/E Ratio: 19.24
• P/E Growth: 2.31
• Net Income: $169.17 million
• Net Margins: 16.88%
• Pretax Margin: 27.50%
• Return on Equity: 21.22%
• Return on Assets: 14.84%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 3.75
• Quick Ratio: 2.59

Sales & Book Value

• Annual Sales: $1.13 billion
• Price / Sales: 4.13
• Cash Flow: $3.24 per share
• Price / Cash Flow: 18.08
• Book Value: $13.40 per share
• Price / Book: 4.37

Miscellaneous

• Outstanding Shares: 79,555,000
• Free Float: 65,458,000
• Market Cap: $4.65 billion
• Optionable: Optionable
• Beta: 1.95