Headlines about Cactus (NYSE:WHD) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cactus earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.367109780322 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research analysts recently issued reports on the stock. Johnson Rice assumed coverage on shares of Cactus in a research report on Thursday, May 24th. They set an “accumulate” rating and a $40.00 target price on the stock. ValuEngine downgraded shares of Cactus from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Barclays restated an “overweight” rating and set a $36.00 price objective (up previously from $31.00) on shares of Cactus in a report on Thursday, May 31st. Zacks Investment Research downgraded shares of Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Royal Bank of Canada assumed coverage on shares of Cactus in a report on Friday, April 6th. They set an “outperform” rating and a $32.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.50.
Cactus traded down $0.35, hitting $33.95, during trading on Thursday, according to MarketBeat. 100 shares of the company’s stock were exchanged, compared to its average volume of 427,264. The company has a current ratio of 2.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. Cactus has a fifty-two week low of $19.18 and a fifty-two week high of $37.50. The company has a market cap of $2.55 billion and a price-to-earnings ratio of 0.03.
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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