Cactus (WHD)

• Market cap: $2.52B
• 1 day: -2.46%
• 5 days: -2.15%
• 1 month: -19.69%
• 3 months: -42.15%
• 6 months: -38.36%
• Year to date: -38.02%
• 1 year: -28.01%
• 5 years: 191.31%
• 10 years: 82.12%
• Sector: Energy
• Industry: Oil & Gas Equipment & Services

About: 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.

Employees: 1,600

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

198% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $665K

90% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 30

54% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 87

8% more funds holding

Funds holding: 287 [Q3] → 309 (+22) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

3% less capital invested

Capital invested by funds: $4.5B [Q3] → $4.37B (-$139M) [Q4]

1.39% less ownership

Funds ownership: 113.56% [Q3] → 112.17% (-1.39%) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $54 46% upside
• Avg. target: $58 56% upside
• High target: $61 65% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Stifel Stephen Gengaro 34% 1-year accuracy 34 / 100 met price target	65% upside $61	Buy Maintained	15 Apr 2025
Barclays David Anderson 27% 1-year accuracy 23 / 84 met price target	46% upside $54	Equal-Weight Maintained	5 Mar 2025