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Date | Price Target | Rating | Analyst |
---|---|---|---|
6/4/2025 | $54.00 | Equal Weight → Overweight | Barclays |
11/4/2024 | $61.00 | Overweight → Equal Weight | Barclays |
7/10/2024 | $48.00 → $52.00 | Neutral | Citigroup |
5/31/2024 | Buy → Accumulate | Johnson Rice | |
1/16/2024 | Buy → Hold | The Benchmark Company | |
10/17/2023 | $48.00 → $60.00 | Equal Weight → Overweight | Barclays |
10/16/2023 | $46.00 → $47.00 | Neutral → Underperform | BofA Securities |
9/13/2023 | $60.00 | Neutral | JP Morgan |
Cactus to become majority owner and operator of Baker Hughes' surface pressure control product line, with Baker Hughes retaining 35% stake Joint venture combines complementary portfolios to lead technological innovation Aligns with Baker Hughes' ongoing strategy to optimize its portfolio HOUSTON and LONDON, June 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (NYSE:WHD, "Cactus")), in which Baker Hughes will contribute its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and ga
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") announced today that its subsidiary Cactus Companies, LLC has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company ("Baker Hughes") to acquire 65% and assume operational control of the Baker Hughes Surface Pressure Control Business ("SPC" or the "Business"). SPC designs, manufactures and services specialized surface pressure control solutions, primarily wellheads and production tree equipment, for international markets. Business Highlights Acquisition establishes Cactus' position as a premier, capital-light and geographically diversified oilfield equipment manufacturer Transforms Cactus' geographic
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the first quarter of 2025. First Quarter Highlights Revenue of $280.3 million and operating income of $68.6 million; Net income of $54.1 million and diluted earnings per Class A share of $0.64; Adjusted net income(1) of $58.8 million and diluted earnings per share, as adjusted(1) of $0.73; Net income margin of 19.3% and adjusted net income margin(1) of 21.0%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $93.8 million and 33.5%, respectively; Cash and cash equivalents of $347.7 million, with no bank debt outstanding as of March 31, 2025; and In April 2025, the Board o
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced the Board of Directors has appointed Jay Nutt as Executive Vice President, Chief Financial Officer and Treasurer, effective June 3, 2024. Mr. Nutt is a long-tenured financial executive, having served from 2018 until 2021 as Senior Vice President and Chief Financial Officer of ChampionX Corporation ("ChampionX") and its predecessor Apergy Corporation, prior to its merger with ChampionX Holding, Inc. the upstream energy business of Ecolab, Inc. Prior to ChampionX and Apergy Corporation, Mr. Nutt served in various financial leadership capacities with TechnipFMC plc and FMC Technologies, including as Senior Vice President and
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced the Board of Directors has appointed Stephen Tadlock, currently Executive Vice President and Chief Financial Officer of Cactus, as the CEO of the Spoolable Technologies segment ("FlexSteel"). Mr. Tadlock has served as Executive Vice President and Chief Financial Officer of Cactus since 2019. Previously he served as Vice President and Chief Administrative Officer and as Vice President of Corporate Services after joining the company full time in 2017. Prior to that, Mr. Tadlock was a Partner at Cadent Energy Partners LLC, where he worked from 2007 to 2017, serving as a Board observer of Cactus since its founding in 2011. Ad
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
Barclays upgraded Cactus from Equal Weight to Overweight and set a new price target of $54.00
Barclays downgraded Cactus from Overweight to Equal Weight and set a new price target of $61.00
Citigroup reiterated coverage of Cactus with a rating of Neutral and set a new price target of $52.00 from $48.00 previously
SC 13G/A - Cactus, Inc. (0001699136) (Subject)
SC 13G/A - Cactus, Inc. (0001699136) (Subject)
SC 13G/A - Cactus, Inc. (0001699136) (Subject)
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") announced today that its subsidiary Cactus Companies, LLC has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company ("Baker Hughes") to acquire 65% and assume operational control of the Baker Hughes Surface Pressure Control Business ("SPC" or the "Business"). SPC designs, manufactures and services specialized surface pressure control solutions, primarily wellheads and production tree equipment, for international markets. Business Highlights Acquisition establishes Cactus' position as a premier, capital-light and geographically diversified oilfield equipment manufacturer Transforms Cactus' geographic
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the first quarter of 2025. First Quarter Highlights Revenue of $280.3 million and operating income of $68.6 million; Net income of $54.1 million and diluted earnings per Class A share of $0.64; Adjusted net income(1) of $58.8 million and diluted earnings per share, as adjusted(1) of $0.73; Net income margin of 19.3% and adjusted net income margin(1) of 21.0%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $93.8 million and 33.5%, respectively; Cash and cash equivalents of $347.7 million, with no bank debt outstanding as of March 31, 2025; and In April 2025, the Board o
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its first quarter 2025 earnings release after market close on Wednesday, April 30, 2025. The Company will host a conference call to discuss financial and operational results on Thursday, May 1, 2025 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The call will be webcast on Cactus' website at www.CactusWHD.com. Please access the webcast at least 10 minutes ahead of the start time to ensure a proper connection. An archived version will be available on the Company's website shortly after the end of the call. About Cactus, Inc. Cactus designs, manufactures, sells or rents a range of highly engineered
8-K - Cactus, Inc. (0001699136) (Filer)
8-K - Cactus, Inc. (0001699136) (Filer)
8-K - Cactus, Inc. (0001699136) (Filer)