WHD - Cactus Inc. Class A: The Winning Streak Continues (WHD)
Shares of Cactus Inc. Class A (NYSE:WHD) traded at a new 52-week high today of $41.80. So far today approximately 113,000 shares have been exchanged, as compared to an average 30-day volume of 363,000 shares.
Over the past year, Cactus Inc. Class A has traded in a range of $16.11 to $41.80 and is now at $40.95, 154% above that low.
Potential upside of 41.5% exists for Cactus Inc. Class A, based on a current level of $40.95 and analysts' average consensus price target of $57.96.
Cactus Inc is primarily engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. It generates most of its revenue through the sale of wellhead systems, rental income, field service and other activities.
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