Cactus Class A Common Sto found using ticker (WHD) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 37 calculating the average target price we see 42.56. With the stocks previous close at 35.61 this would indicate that there is a potential upside of 19.5%. The 50 day moving average now sits at 35.53 and the 200 day MA is 34.86. The company has a market cap of $2,624m. Find out more information at: http://www.cactuswhd.com
Cactus 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 was founded in 2011 and is headquartered in Houston, Texas.
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