17-Jan-2025
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Teekay Group Announces Changes to Boards of Directors
Globe Newswire (Mon, 9-Dec 6:04 PM ET)
Cactus Announces Third Quarter 2024 Results
Business Wire (Wed, 30-Oct 5:45 PM ET)
Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, conventional wellheads, and production valves among others. 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. The company has two operating segments; Pressure Control , which generates key revenue and Spoolable Technologies.
Cactus Class A trades on the NYSE stock market under the symbol WHD.
As of January 17, 2025, WHD stock price declined to $63.63 with 499,269 million shares trading.
WHD has a market cap of $4.23 billion. This is considered a Mid Cap stock.
Last quarter Cactus Class A reported $293 million in Revenue and $.79 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.04.
In the last 3 years, WHD traded as high as $70.01 and as low as $31.37.
The top ETF exchange traded funds that WHD belongs to (by Net Assets): IJR, VTI, IWM, VB, SDVY.
WHD has outperformed the market in the last year with a price return of +68.3% while the SPY ETF gained +28.0%. WHD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +3.9% and +4.4%, respectively, while the SPY returned +3.0% and +1.0%, respectively.
WHD support price is $62.28 and resistance is $65.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WHD shares will trade within this expected range on the day.