Citigroup Reaffirms Buy Rating on Cactus, Inc.
Citigroup maintains its buy rating on Cactus, Inc. with a $67 target.
Key Points
- Citigroup reiterates its buy rating on Cactus, Inc. with a price target of $67 as of June 18, 2026.
- Cactus, Inc. stock is trading at $56.74 with a market cap of $3.94 billion and a forward P/E of 16.37.
- Major institutional investors like BlackRock and Vanguard have been adjusting their positions in Cactus, Inc. shares.
Citigroup has reiterated its buy rating on Cactus, Inc. (NYSE:WHD), maintaining a price target of $67. This decision was announced on June 18, 2026, as analyst Scott Gruber expressed continued confidence in the company's prospects.
Cactus, Inc. Stock Snapshot
Shares of Cactus, Inc. are trading around $56.74. The company, which operates in the oil and gas equipment and services industry, has a market cap of approximately $3.94 billion. It boasts a forward P/E ratio of 16.37 and a beta of 1.375, indicating a higher volatility compared to the overall market. The stock's 52-week range spans from a low of $33.20 to a high of $64.30, with moving averages of $56.83 over 50 days and $48.86 over 200 days. Cactus, Inc. has a strong current ratio of 2.61 and a quick ratio of 1.67, suggesting solid liquidity.
Recent Earnings
In its recent earnings report, Cactus, Inc. posted revenue of $1.19 billion, reflecting a growth rate of 38.5%. The company achieved a net margin of 13.03% and a return on equity of 12.72%. Earnings per share stood at $1.07. The next earnings release is scheduled for August 5, 2026.
Insider Buying and Selling at Cactus, Inc.
Recent insider transactions at Cactus, Inc. include EVP and CFO Jay Nutt, who bought 2,942 shares on June 3, 2026. On the same day, he also sold 864 shares at an average price of $58.80. Other insiders, such as Michael McGovern and Alan Semple, sold 12,000 and 10,206 shares, respectively, on May 12, 2026, at prices around $56.57 and $56.62.
Analysts Set New Price Targets
On June 18, 2026, Citigroup maintained its buy rating for Cactus, Inc. with a $67 price target. Stifel reiterated their buy rating on June 16, 2026, with a target of $68. Piper Sandler also maintained a buy rating, setting a high target of $72 on May 18, 2026. The consensus among analysts remains bullish, with a mean target price of $63.56 based on nine opinions.
About Cactus, Inc.
Cactus, Inc., headquartered in Houston, Texas, provides engineered pressure control and spoolable pipe technologies. Operating primarily in the United States, the company serves the oil and gas industry through its Pressure Control and Spoolable Technologies segments. Cactus designs and manufactures wellheads and pressure control equipment, rents these products, and offers field services. The company also produces spoolable pipes for transporting oil and gas. Founded in 2011, Cactus employs about 1,500 people under the leadership of CEO Scott J. Bender.
Bottom Line
Citigroup's reaffirmation of a buy rating for Cactus, Inc. signals continued confidence in the company's growth potential. With a strong market presence and robust financials, Cactus remains a key player in the energy sector. As with all 13F filings and analyst reports, this information reflects past analysis and should be considered as part of a broader investment strategy.
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This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.