Barclays downgraded Cactus from Overweight to Equal Weight and set a new price target of $61.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 1/19/2023 | $70.00 | Buy | The Benchmark Company |
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the third quarter of 2024. Third Quarter Highlights Revenue of $293.2 million and operating income of $76.8 million; Net income of $62.4 million and diluted earnings per Class A share of $0.74; Adjusted net income(1) of $63.5 million and diluted earnings per share, as adjusted(1) of $0.79; Net income margin of 21.3% and adjusted net income margin(1) of 21.7%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $100.4 million and 34.2%, respectively; Cash flow from operations of $85.3 million; Cash and cash equivalents of $303.4 million, with no bank debt outstanding as of S
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its third quarter 2024 earnings release after market close on Wednesday, October 30, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, October 31, 2024 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 An archived version will be available on the Company's website shortly after the end of the call.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 eng
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the second quarter of 2024. Second Quarter Highlights Revenue of $290.4 million and operating income of $79.8 million; Net income of $63.1 million and diluted earnings per Class A share of $0.75; Adjusted net income(1) of $65.2 million and diluted earnings per share, as adjusted(1) of $0.81; Net income margin of 21.7% and adjusted net income margin(1) of 22.4%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $103.6 million and 35.7%, respectively; Cash flow from operations of $78.0 million; Cash and cash equivalents of $246.5 million with no bank debt outstandin
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the third quarter of 2024. Third Quarter Highlights Revenue of $293.2 million and operating income of $76.8 million; Net income of $62.4 million and diluted earnings per Class A share of $0.74; Adjusted net income(1) of $63.5 million and diluted earnings per share, as adjusted(1) of $0.79; Net income margin of 21.3% and adjusted net income margin(1) of 21.7%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $100.4 million and 34.2%, respectively; Cash flow from operations of $85.3 million; Cash and cash equivalents of $303.4 million, with no bank debt outstanding as of S
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its third quarter 2024 earnings release after market close on Wednesday, October 30, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, October 31, 2024 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 eng
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the second quarter of 2024. Second Quarter Highlights Revenue of $290.4 million and operating income of $79.8 million; Net income of $63.1 million and diluted earnings per Class A share of $0.75; Adjusted net income(1) of $65.2 million and diluted earnings per share, as adjusted(1) of $0.81; Net income margin of 21.7% and adjusted net income margin(1) of 22.4%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $103.6 million and 35.7%, respectively; Cash flow from operations of $78.0 million; Cash and cash equivalents of $246.5 million with no bank debt outstandin
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
Johnson Rice downgraded Cactus from Buy to Accumulate
144 - Cactus, Inc. (0001699136) (Subject)
10-Q - Cactus, Inc. (0001699136) (Filer)
8-K - Cactus, Inc. (0001699136) (Filer)
SC 13G/A - Cactus, Inc. (0001699136) (Subject)
SC 13G/A - Cactus, Inc. (0001699136) (Subject)
SC 13G/A - Cactus, Inc. (0001699136) (Subject)
Cactus (NYSE:WHD) has been analyzed by 3 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Cactus, presenting an average target of $54.0, a high estimate of $56.00, and a low estimate of $52.00. Surpassing the previous average price
Piper Sandler analyst Bill Herbert maintains Cactus (NYSE:WHD) with a Neutral and lowers the price target from $55 to $54.
Citigroup analyst Scott Gruber maintains Cactus (NYSE:WHD) with a Neutral and raises the price target from $48 to $52.
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
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