Cactus (WHD) Sets New 12-Month High and Low at $28.99

Shares of Cactus (NYSE:WHD) hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $28.99 and last traded at $29.04, with a volume of 164230 shares traded. The stock had previously closed at $27.90.

Several research firms recently issued reports on WHD. Credit Suisse Group began coverage on shares of Cactus in a research report on Monday, March 5th. They issued an “outperform” rating and a $31.00 price target for the company. Piper Jaffray began coverage on shares of Cactus in a research report on Monday, March 5th. They issued an “overweight” rating for the company. JPMorgan Chase began coverage on shares of Cactus in a research report on Monday, March 5th. They issued an “overweight” rating and a $32.00 price target for the company. Royal Bank of Canada began coverage on shares of Cactus in a research report on Friday, April 6th. They issued an “outperform” rating and a $32.00 price target for the company. Finally, Scotia Howard Weill began coverage on shares of Cactus in a research report on Monday, March 5th. They issued a “sector outperform” rating for the company. Ten investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $31.20.

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The company has a current ratio of 3.10, a quick ratio of 1.88 and a debt-to-equity ratio of -6.89. The stock has a market cap of $2,089.40 and a PE ratio of 0.02.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The business had revenue of $104.78 million during the quarter, compared to analyst estimates of $104.08 million. equities research analysts anticipate that Cactus will post 1.53 earnings per share for the current year.

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Cactus Company Profile

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour 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.

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