Stifel Reiterates Buy Rating on Cactus, Inc. (NYSE:WHD)
Stifel maintains its buy rating for Cactus, Inc. with a price target of $68.
Key Points
- Stifel reiterated its buy rating on Cactus, Inc. (NYSE:WHD) with a price target of $68 on June 16, 2026.
- Cactus, Inc. trades at $58.07 with a market cap of $3.99 billion and a forward P/E of 16.6.
- Insiders recently transacted shares, and analysts maintain a buy consensus with a mean target price of $63.33.
Stifel has reiterated its buy rating on Cactus, Inc. (NYSE:WHD), setting a price target of $68. This decision was announced on June 16, 2026, with Cactus shares trading at $58.07 at the time of the report.
Cactus, Inc. Stock Snapshot
Shares of NYSE:WHD traded near $58.07. Cactus, Inc. has a market cap of approximately $3.99 billion, with a P/E ratio of 53.8 and a forward P/E of 16.6. The stock's beta is 1.38, indicating a moderate level of volatility. Over the past year, the stock has ranged from a low of $33.20 to a high of $64.30, with a 50-day moving average of $56.74 and a 200-day moving average of $48.78. The company maintains a strong current ratio of 2.61 and a quick ratio of 1.67, with a debt-to-equity ratio of 3.36.
Recent Earnings
Cactus, Inc. reported revenue of $1.19 billion, reflecting a growth rate of 38.5%. The company's earnings per share (EPS) stood at $1.07, with a net margin of 13.0% and a return on equity (ROE) of 12.7%. The next earnings release is scheduled for August 5, 2026.
Dividend
Cactus, Inc. offers an annual dividend rate of $0.56, yielding 0.97%. The dividend payout ratio is 51.4%.
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, and subsequently sold 864 shares at an average price of $58.80 on the same day. Other insiders, 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. Tana Leigh Utley purchased 2,586 shares on May 12, 2026.
Analysts Set New Price Targets
On June 16, 2026, Stifel reiterated its buy rating on Cactus, Inc., maintaining a price target of $68. Piper Sandler, Citigroup, and Barclays also maintained buy ratings in recent months, with price targets ranging from $63 to $73. The consensus among analysts is a buy rating, with a mean target price of $63.33 based on nine analyst opinions.
About Cactus, Inc.
Cactus, Inc., headquartered in Houston, Texas, specializes in designing and manufacturing pressure control equipment and spoolable pipe technologies. The company operates through two segments: Pressure Control and Spoolable Technologies. Its products are used in oil and gas drilling, completion, and production phases, serving markets in the United States and internationally. Founded in 2011, Cactus employs around 1,500 people under the leadership of CEO Scott J. Bender.
Bottom Line
Stifel's reaffirmation of a buy rating for Cactus, Inc. reflects continued confidence in the company's market position and growth prospects. The stock's current trading price and market fundamentals support this outlook. Investors and analysts will be watching closely as the company approaches its next earnings report in August. As always, it's important to remember that analyst ratings and price targets are based on current information and market conditions, which can change over time.
See Also
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.