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Cactus (WHD) Gets a Buy from Stifel Nicolaus

Tipranks - Wed Mar 4, 7:02AM CST

In a report released yesterday, Stephen Gengaro from Stifel Nicolaus reiterated a Buy rating on Cactus, with a price target of $59.00. The company’s shares closed yesterday at $53.05.

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According to TipRanks, Gengaro is a 5-star analyst with an average return of 20.7% and a 55.35% success rate. Gengaro covers the Energy sector, focusing on stocks such as Baker Hughes Company, Liberty Energy, and Halliburton.

Currently, the analyst consensus on Cactus is a Strong Buy with an average price target of $64.25, which is a 21.11% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $63.00 price target.

Based on Cactus’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $261.2 million and a net profit of $39.84 million. In comparison, last year the company earned a revenue of $272.12 million and had a net profit of $46.69 million

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