Cactus
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 Q3 regulatory filings by fund managers ($100M+ AUM)
485% more call options, than puts
Call options by funds: $316K | Put options by funds: $54K
93% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 27
10% more funds holding
Funds holding: 262 [Q2] → 287 (+25) [Q3]
4% more capital invested
Capital invested by funds: $4.31B [Q2] → $4.51B (+$192M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
10.85% less ownership
Funds ownership: 124.46% [Q2] → 113.61% (-10.85%) [Q3]
28% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 120
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target | 8%upside $61 | Equal-Weight Downgraded | 4 Nov 2024 |
B of A Securities Chase Mulvehill 40% 1-year accuracy 8 / 20 met price target | 15%downside $48 | Underperform Maintained | 14 Oct 2024 |
Stifel Stephen Gengaro 50% 1-year accuracy 41 / 82 met price target | 18%upside $67 | Buy Maintained | 11 Oct 2024 |
Financial journalist opinion
