Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees. It also provides mission-critical field services, such as 24-hour service crews to assist with the installation, maintenance, repair, and safe handling of the wellhead and pressure control equipment; and repair and refurbishment services. The company sells or rents its products for onshore unconventional oil and gas wells that are utilized during the drilling, completion, and production phases of its customers' wells. It operates 14 service centers in the United States, as well as 3 service centers in Eastern Australia. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.
IPO Year: 2018
Exchange: NYSE
Website: cactuswhd.com
| 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 |
| 10/6/2022 | $52.00 → $48.00 | Overweight → Equal Weight | Barclays |
| 4/11/2022 | $60.00 → $52.00 | Overweight → Equal-Weight | Morgan Stanley |
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
4 - Cactus, Inc. (0001699136) (Issuer)
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 that it will issue its second quarter 2024 earnings release after market close on Wednesday, July 31, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, August 1, 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 engi
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the first quarter of 2024. First Quarter Highlights Revenue of $274.1 million and operating income of $62.6 million; Net income of $49.8 million and diluted earnings per Class A share of $0.59; Adjusted net income(1) of $59.6 million and diluted earnings per share, as adjusted(1) of $0.75; Net income margin of 18.2% and adjusted net income margin(1) of 21.7%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $95.3 million and 34.8%, respectively; Cash flow from operations of $86.3 million; Cash and cash equivalents balance of $194.3 million with no bank debt outst
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its first quarter 2024 earnings release after market close on Wednesday, May 1, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, May 2, 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 engineered
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the fourth quarter and full year of 2023. Fourth Quarter Highlights Revenue of $274.9 million and operating income of $78.6 million; Net income of $62.1 million and diluted earnings per Class A share of $0.74; Adjusted net income(1) of $65.1 million and diluted earnings per share, as adjusted(1) of $0.81; Net income margin of 22.6% and adjusted net income margin(1) of 23.7%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $100.1 million and 36.4%, respectively; Cash flow from operations of $91.7 million; Cash and cash equivalents balance of $133.8 million with n
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its fourth quarter and full year 2023 earnings release after market close on Wednesday, February 28, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, February 29, 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
Cactus, Inc. (NYSE:WHD) ("Cactus") today announced that its Board of Directors approved the payment of a quarterly cash dividend of $0.12 per share of Class A common stock with payment to occur on March 14, 2024 to holders of record of Class A common stock at the close of business on February 26, 2024. A corresponding distribution of up to $0.12 per CC Unit has also been approved for holders of CC Units of Cactus Companies, LLC. Declarations of any dividends in the future, and the amount of any such dividends, are subject to approval by Cactus' Board of Directors. About Cactus, Inc. Cactus designs, manufactures, sells or rents a range of highly engineered pressure control and spoolabl
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the third quarter of 2023. Third Quarter Highlights Revenue of $287.9 million and operating income of $87.6 million; Net income of $68.0 million and diluted earnings per Class A share of $0.80; Adjusted net income(1) of $63.8 million and diluted earnings per share, as adjusted(1) of $0.80; Net income margin of 23.6% and adjusted net income margin(1) of 22.2%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $103.1 million and 35.8%, respectively; Cash flow from operations of $80.1 million; Cash and cash equivalents balance of $63.7 million with no bank debt outst
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8-K - Cactus, Inc. (0001699136) (Filer)
10-Q - Cactus, Inc. (0001699136) (Filer)
8-K - Cactus, Inc. (0001699136) (Filer)
8-K - Cactus, Inc. (0001699136) (Filer)
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10-Q - Cactus, Inc. (0001699136) (Filer)
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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.
Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply during Monday's session after the company announced its SBI-100 Ophthalmic Emulsion Phase 2a trial did not achieve target product profile and has discontinued the program. Skye Bioscience shares tumbled 18.9% to $8.87 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 123% to $4.3001 following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week. KWESST Micro Systems Inc. (NASDAQ:KWE) gained 79.8% to $0.7082 after the company was aw
U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Monday. Shares of ICC Holdings, Inc. (NASDAQ:ICCH) rose sharply during Monday's session. Mutual Capital Group announced plans to acquire ICC Holdings, Inc. for $23.50 per share in a $73.8 million transaction. ICC Holdings shares jumped 43% to $22.03 on Monday. Here are some other big stocks recording gains in today’s session. QXO, Inc. (NASDAQ:QXO) climbed 28.6% to $283.00. Opera Limited (NASDAQ:OPRA) shares gained 22% to $16.83. Ivanhoe Electric Inc. (NYSE:IE) rose 18% to $10.74. iLearningEngines, Inc. (NASDAQ:AILE) surged 17.5% to $5.58. Cactus, Inc. (NYSE:WHD) surged 13.6% to $53.19. SEA
Barclays analyst David Anderson maintains Cactus (NYSE:WHD) with a Overweight and raises the price target from $55 to $56.
Benchmark analyst Kurt Hallead reiterates Cactus (NYSE:WHD) with a Hold.
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
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
The Benchmark Company downgraded Cactus from Buy to Hold
Barclays upgraded Cactus from Equal Weight to Overweight and set a new price target of $60.00 from $48.00 previously
BofA Securities downgraded Cactus from Neutral to Underperform and set a new price target of $47.00 from $46.00 previously
JP Morgan initiated coverage of Cactus with a rating of Neutral and set a new price target of $60.00
The Benchmark Company initiated coverage of Cactus with a rating of Buy and set a new price target of $70.00
Barclays downgraded Cactus from Overweight to Equal Weight and set a new price target of $48.00 from $52.00 previously
Morgan Stanley downgraded Cactus from Overweight to Equal-Weight and set a new price target of $52.00 from $60.00 previously
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 that it will issue its second quarter 2024 earnings release after market close on Wednesday, July 31, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, August 1, 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 engi
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 financial and operating results for the first quarter of 2024. First Quarter Highlights Revenue of $274.1 million and operating income of $62.6 million; Net income of $49.8 million and diluted earnings per Class A share of $0.59; Adjusted net income(1) of $59.6 million and diluted earnings per share, as adjusted(1) of $0.75; Net income margin of 18.2% and adjusted net income margin(1) of 21.7%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $95.3 million and 34.8%, respectively; Cash flow from operations of $86.3 million; Cash and cash equivalents balance of $194.3 million with no bank debt outst
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its first quarter 2024 earnings release after market close on Wednesday, May 1, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, May 2, 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 engineered
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced financial and operating results for the fourth quarter and full year of 2023. Fourth Quarter Highlights Revenue of $274.9 million and operating income of $78.6 million; Net income of $62.1 million and diluted earnings per Class A share of $0.74; Adjusted net income(1) of $65.1 million and diluted earnings per share, as adjusted(1) of $0.81; Net income margin of 22.6% and adjusted net income margin(1) of 23.7%; Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $100.1 million and 36.4%, respectively; Cash flow from operations of $91.7 million; Cash and cash equivalents balance of $133.8 million with n
Cactus, Inc. (NYSE:WHD) ("Cactus" or the "Company") today announced that it will issue its fourth quarter and full year 2023 earnings release after market close on Wednesday, February 28, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, February 29, 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